N.M. Admin. Code § 20.4.3.402

Current through Register Vol. 35, No. 21, November 5, 2024

Section 20.4.3.402 - FEE CALCULATION

A. The business fee shall be paid in full if applicable during any part of the calendar year.

B. The business fees are due for all sites engaged in activities as defined in 20.4.3.7 NMAC during the calendar year prior to the year in which the fees are to be paid, subject to the limits set forth in 20.4.3.109 NMAC.

C. Beginning January 1 following the effective date of these fee regulations, the fees listed in 20.4.3.401 NMAC shall be adjusted annually to account for inflation. The amounts shall be adjusted by the percentage of the preceding calendar year's change in the consumer price index for All Urban Consumers (CPI-U), United States City Average for All Items, published by the United States Department of Labor. The amount of change in the fee shall be rounded to the nearest one dollar ($1.00).

N.M. Admin. Code § 20.4.3.402

Adopted by New Mexico Register, Volume XXXI, Issue 04, February 25, 2020, eff. 3/5/2020