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If a person acquires a vehicle outside New Mexico and brings it into this state when he or she establishes New Mexico residency, is that vehicle subject to New Mexico motor vehicle excise tax?

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If a person acquires a vehicle outside New Mexico and brings it into this state when he or she establishes New Mexico residency, is that vehicle subject to New Mexico motor vehicle excise tax?

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A person who acquires a vehicle outside New Mexico 30 or more days before establishing residency in this state is exempt from New Mexico motor vehicle excise tax if the vehicle was acquired for personal use.

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