New Mexico imposes the tobacco products tax (TPT) for the manufacture or acquisition of tobacco products in New Mexico that are intended for distribution in the ordinary course of business and for the consumption of tobacco products in New Mexico. A tobacco product is any product, other than cigarettes, made from or containing tobacco.
The first purchaser of tobacco products pays the tax at a rate of 25% of the value of the tobacco product on or before the 25th day of the month following the month in which the taxable event occurs. Certain deductions and exemptions may apply. For information on legislative changes that took effect July 1, 2019 see B-500.39 – E-liquid and Closed System Cartridges Taxation.
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Forms
Bulletins
Tobacco Product Compliance Information (Attorney General’s Office)
Tobacco Manufacturers Directory (Attorney General’s Office) Statutory Reference: Look for Chapter 7, Article 12A NMSA 1978 in the New Mexico State Statutes.
Tobacco Tax Forms and Documents
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