Leased Vehicle Surcharge 

New Mexico imposes a leased vehicle surcharge on the lease of a vehicle to another person by a person engaging in business in New Mexico when the lease is subject to the leased vehicle gross receipts tax (Section 7-14A-3.1 NMSA 1978). The surcharge is $2.00 for each day each vehicle is leased. The receipts are reported on a CRS-1 Form. The tax is due on or before the twenty-fifth of the month following the month in which the taxale event occurs.

We distribute the revenue from this surcharge to the General Fund.

Contact Information

To contact the Department

 

Links

E- File
RPD-41146, Motor Vehicle Excise (MVET) and Leased Vehicle Gross Receipts Tax (LVGRT)
FYI-225: Short-Term Leased Vehicles
Who Must Register? 
FYI-102: Information for New Businesses
FYI-105: Gross Receipts and Compensating Taxes: An Overview
  • Message from the Secretary
    Thank you again for making the 2012 tax-filing season a success. Largely because of your efforts, we were able to process nearly $260 million in personal income tax refunds in a timely and efficient fashion with very few errors. Read More     ​

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