Show Subnavigation

Is a rebate, offered for the purchase of a vehicle, included in the price paid for the vehicle for purposes of calculating the motor vehicle excise tax on the sales price?

Yes. Though a rebate reduces the actual amount paid by the buyer, it does not reduce the total price paid for a vehicle. By law, motor vehicle excise tax is derived from the price paid for the vehicle regardless of any rebates that subsequently reduce the amount the buyer paid.

back to list
View Our Most Popular Pages & Services
Latest News:
Governor Susana Martinez

Governor Susana Martinez

Learn more about governor Martinez
Secretary Demesia Padilla

Secretary Demesia Padilla,CPA

Learn more about secretary Padilla

Online Services

Find an Online Service to Serve Your Needs

Taxation and Revenue New Mexico

1100 South St. Francis Drive
Santa Fe, NM 87504
(505) 827-0700

TRD Home          Privacy & Security          Site Policies          Accessibility/Non-Discrimination Statement          
About Us          Contact Us      Site MapLink to New Mexico Tax and Revenue Facebook Page

call us E-Mail Contact Us