New Mexico § 5-15-29 Report required

New Mexico Statutes

§ 5-15-29 — Report required

New Mexico § 5-15-29

Ch. 5Municipalities and Counties

Art. 15Tax Increment for Development

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Bluebook

N.M. Stat. Ann. § 5-15-29 (2026).

Text

On September 1 of each year, the district board of a district that receives a distribution of a gross receipts tax increment attributable to the state gross receipts tax shall submit a report to the state board of finance and the legislative finance committee that includes the estimated capital investment in the district, the estimated total net new jobs and new full-time economic base jobs created in the district and the total revenues distributed to the district in each previous fiscal year.

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On September 1 of each year, the district board of a district that receives a distribution of a gross receipts tax increment attributable to the state gross receipts tax shall submit a report to the state board of finance and the legislative finance committee that includes the estimated capital investment in the district, the estimated total net new jobs and new full-time economic base jobs created in the district and the total revenues distributed to the district in each previous fiscal year.