Any person required to file a report pursuant to Subsection B of Section 7-15A-8 N.M. Stat. Ann. that is determined to have reported less than the mileage actually traveled on New Mexico highways during a tax payment period or less than the actual gross vehicle weight traveled during a tax payment period shall, in addition to any other applicable fees, penalties and interest, pay an additional penalty computed in accordance with the following schedule:

Weight Distance Tax Owed Per Period                                         Penalty $1 to $99                                                     $ 100 $100 to $499                                                 $ 500 $500 to $999                                                 $1,000 $1,000 to $1,499                                         $1,500 $1,500 to $1,999                                         $2,000 $2,000 to $2,499                                         $2,500 $2,500 to $2,999                                         $3,000 $3,000 and over                                            $4,000.