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 taxable 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