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If a person acquires a vehicle in New Mexico but immediately takes it to his or her state of residence, is that person exempt from New Mexico motor vehicle excise tax on the vehicle?

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If a person acquires a vehicle in New Mexico but immediately takes it to his or her state of residence, is that person exempt from New Mexico motor vehicle excise tax on the vehicle?

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A nonresident who acquires a vehicle in New Mexico and takes it to his or her state of residence to be titled does not owe New Mexico motor vehicle excise tax on the acquisition of that vehicle.

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