N.M. Stat. § 7-1-6.2

Current through 2024, ch. 69

Section 7-1-6.2 - Distribution; small cities assistance fund

A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the small cities assistance fund in an amount equal to fifteen percent of the net receipts attributable to the compensating tax.

NMS § 7-1-6.2

1978 Comp., § 7-1-6.2, enacted by Laws 1983, ch. 211, § 7; 1984, ch. 25, § 2; 1988, ch. 129, § 2; 2012, ch. 5, § 3.

Amended by 2012, c. 120,s. 3, eff. 1/1/2013.