Do you own a trucking business in the State of New Mexico? It’s important you register the vehicles in your fleet for IFTA filing to avoid penalty. Let us guide you further.
It is of utmost importance that you file your New Mexico IFTA quarterly tax return before the due deadlines as late filing may result in a penalty of $50 or 10% of the net tax liability. Renewals of existing accounts can be completed by mail. Here is how you can get your New Mexico truck permit online:
January, February, March: April 30
April, May, June: July 31
July, August, September: October 31
October, November, December: January 31
Yes, you would still need to file a ‘zero’ report in the state of New Mexico.
In New Mexico, the following commercial vehicles are exempt from IFTA licensure:
You can find more information about rules and regulations concerning IFTA accounts in New Mexico by visiting https://www.mvd.newmexico.gov/.
Commercial motor vehicles are IFTA qualified if they are used, designed, or maintained for the interstate transportation of persons or property and: