{"data":{"id":"us-nm/7-9-23","jurisdiction":"us-nm","citation":"7-9-23","heading":"Exemption; compensating tax; vehicles.","body":"Exempted from the compensating tax is the use of vehicles on which the tax imposed by the Motor Vehicle Excise Tax Act [Chapter 7, Article 14 NMSA 1978] has been paid, the use of vehicles subject to registration under Section 66-3-16 NMSA 1978 and the use of vehicles exempt from the motor vehicle excise tax pursuant to Subsection F of Section 7-14-6 NMSA 1978.","path":["Chapter 7 - Taxation","ARTICLE 9 Gross Receipts and Compensating Tax"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"f368e2cec6cde6f71d16ad261a75e71fdd2e28e511247a698997c31f45a1bb3b","source_id":"us-nm","stale":false,"prev":"us-nm/7-9-22.1","next":"us-nm/7-9-23.1"},"notice":"GroundRules: Original legal text. Not legal advice."}