{"id":17864,"date":"2025-02-24T11:55:13","date_gmt":"2025-02-24T18:55:13","guid":{"rendered":"https:\/\/www.tax.newmexico.gov\/all-nm-taxes\/?p=17864"},"modified":"2026-04-11T13:19:33","modified_gmt":"2026-04-11T19:19:33","slug":"prestige-equipment-rental-llc","status":"publish","type":"post","link":"https:\/\/www.tax.newmexico.gov\/all-nm-taxes\/2025\/02\/24\/prestige-equipment-rental-llc\/","title":{"rendered":"Prestige Equipment Rental LLC"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; theme_builder_area=&#8221;post_content&#8221; _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221;][et_pb_row _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; type=&#8221;4_4&#8243; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.27.4&#8243; _module_preset=&#8221;default&#8221; theme_builder_area=&#8221;post_content&#8221; hover_enabled=&#8221;0&#8243; sticky_enabled=&#8221;0&#8243;]<\/p>\n<p><strong><a href=\"https:\/\/realfile.tax.newmexico.gov\/25-03%20Prestige%20Equipment%20Rental%20LLC.pdf\" target=\"_blank\" rel=\"noopener\">25-03<\/a><\/strong><\/p>\n<p>On November 21, 2022, the Taxpayer requested a refund for motor vehicle excise taxes paid. On December 8, 2022, the Department denied the application for refund. On February 3, 2023, the taxpayer protested the denial of the refund. The Taxpayer argued they overpaid the motor vehicle excise tax on four trailers that were fitted with electric generators used primarily as a power source at oilfield drilling sites. The Taxpayer argued that only the value of the trailers, excluding the value of the generators that can be separated from the trailer, should be subject to the tax. The Taxpayer pointed to the federal definition of \u201cparts or accessories\u201d as the reason why the generator should be excluded from the value. The Department cited Regulation 3.11.4.7(D) NMAC defining \u201cprice paid\u201d to include accessories. The Hearing Officer determined that as the motor vehicle excise tax does not define \u201caccessory\u201d the federal definition could be relied on and that the generators do not contribute to the function of trailer. The protest was granted.<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>25-03 On November 21, 2022, the Taxpayer requested a refund for motor vehicle excise taxes paid. On December 8, 2022, the Department denied the application for refund. On February 3, 2023, the taxpayer protested the denial of the refund. The Taxpayer argued they overpaid the motor vehicle excise tax on four trailers that were fitted [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[43],"tags":[],"class_list":["post-17864","post","type-post","status-publish","format-standard","hentry","category-tax-decisions-orders"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Prestige Equipment Rental LLC : All NM Taxes<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tax.newmexico.gov\/all-nm-taxes\/2025\/02\/24\/prestige-equipment-rental-llc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Prestige Equipment Rental LLC : All NM Taxes\" \/>\n<meta property=\"og:description\" content=\"25-03 On November 21, 2022, the Taxpayer requested a refund for motor vehicle excise taxes paid. 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