N.M. Admin. Code § 2.105.2.8

Current through Register Vol. 36, No. 1, January 14, 2025

Section 2.105.2.8 - ELIGIBLE USES OF TAX PROCEEDS

A. Sections 3-38-13 to 3-38-24 NMSA 1978, the Lodgers' Tax Act, authorizes municipal and county governments to adopt ordinances imposing occupancy tax for revenues on lodging establishments within municipal boundaries or within that part of the county outside of municipal boundaries.

B. Proceeds may be used to defray the costs of:

(1) collecting and otherwise administering the tax;

(2) establishing, operating, purchasing, constructing, otherwise acquiring, reconstructing, extending, improving, equipping, furnishing or acquiring real property or any interest in real property for the site or grounds for tourist related facilities, attractions or transportation systems of the municipality, the county in which the municipality is located or the county;

(3) advertising, publicizing and promoting tourist-related attractions, facilities and events of the municipality or county and tourist facilities or attractions within the area;

(4) providing police and fire protection and sanitation service for tourist-related events, facilities and attractions located in the respective municipality or county;

(5) paying principal and interest on certain premiums due in connection with lodgers' tax revenue bonds; and

(6) performing audits pursuant to Section 3-38-17.1 NMSA 1978.

N.M. Admin. Code § 2.105.2.8

9/30/96; Recompiled 10/01/01