Section 66-3-2.1 - Proportional registration of fleets; application; fee; formula; payment. - New Mexico Statutes

66-3-2.1. Proportional registration of fleets; application; fee; formula; payment.

A.     Any owner, except an owner of a one-way rental fleet, engaged in operating one or more fleets may, in lieu of registration of vehicles under the provisions of Sections 66-6-3 and 66-6-4 NMSA 1978, register each fleet for operation in this state by filing an application with the division which shall contain the following information and such other information pertinent to vehicle registration as the division may require:   

(1)     total fleet miles, which is the total number of miles operated in all jurisdictions during the preceding year by the motor vehicles in the fleet during that year;   

(2)     in-state miles, which is the total number of miles operated in this state during the preceding year by the motor vehicles in the fleet during that year; and   

(3)     a description and identification of each motor vehicle of the fleet which is to be operated in this state during the registration year for which proportional fleet registration is requested.   

B.     [The] the application for each fleet shall be supported, at the time and in the manner required by the division, by a fee payment computed as follows:   

(1)     divide the sum of in-state miles by total fleet miles;   

(2)     determine the total amount necessary under Sections 66-6-3 and 66-6-4 NMSA 1978 to register each vehicle in the fleet for which registration is requested, based on the regular annual fees or applicable fees for the unexpired portion of the registration year; and   

(3)     multiply the sum obtained under Paragraph (2) of this subsection by the fraction obtained under Paragraph (1) of this subsection.