{"id":1833,"date":"2020-10-22T14:45:34","date_gmt":"2020-10-22T20:45:34","guid":{"rendered":"https:\/\/www.tax.newmexico.gov\/businesses\/?p=1833"},"modified":"2026-04-11T13:12:48","modified_gmt":"2026-04-11T19:12:48","slug":"leased-vehicle-surcharge","status":"publish","type":"post","link":"https:\/\/www.tax.newmexico.gov\/businesses\/2020\/10\/22\/leased-vehicle-surcharge\/","title":{"rendered":"Leased Vehicle Surcharge"},"content":{"rendered":"

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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\u00a0(Section 7-14A-3.1 NMSA 1978<\/a><\/strong>).\u00a0The surcharge is $2.00 for each day each vehicle is leased. The receipts are reported on the Leased Vehicle Gross Receipts Tax and Surcharge return, which can be found in the Business Taxes folder on the Forms & Publications page.\u00a0 The tax is due on or before the twenty-fifth of the month following the month in which the taxable event occurs.<\/p>\n

The revenue from this surcharge is distributed to the General Fund.<\/p>\n

Links<\/a><\/h3>\n

FYI-225: Short-Term Leased Vehicles<\/a><\/strong><\/p>\n

Leased Vehicle Gross Receipts Tax and Surcharge return<\/a><\/strong><\/p>\n

Online Services<\/a><\/strong><\/p>\n

FYI-102: Information for New Businesses<\/a><\/strong><\/p>\n

FYI-105: Gross Receipts and Compensating Taxes: An Overview<\/a><\/strong><\/p>\n

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back to list<\/a><\/strong><\/p>\n

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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\u00a0(Section 7-14A-3.1 NMSA 1978).\u00a0The surcharge is $2.00 for each day each vehicle is leased. The receipts are reported on […]<\/p>\n","protected":false},"author":1,"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":"960","footnotes":""},"categories":[23],"tags":[],"class_list":["post-1833","post","type-post","status-publish","format-standard","hentry","category-all-nm-taxes"],"yoast_head":"\nLeased Vehicle Surcharge : Businesses<\/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\/businesses\/2020\/10\/22\/leased-vehicle-surcharge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Leased Vehicle Surcharge : Businesses\" \/>\n<meta property=\"og:description\" content=\"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\u00a0(Section 7-14A-3.1 NMSA 1978).\u00a0The surcharge is $2.00 for each day each vehicle is leased. The receipts are reported on […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tax.newmexico.gov\/businesses\/2020\/10\/22\/leased-vehicle-surcharge\/\" \/>\n<meta property=\"og:site_name\" content=\"Businesses\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nmtaxationandrevenue\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-22T20:45:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-11T19:12:48+00:00\" \/>\n<meta name=\"author\" content=\"admin@sks.com\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin@sks.com\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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