New Mexico Statutes

§ 7-14A-10 — Distribution of proceeds

New Mexico § 7-14A-10
JurisdictionNew Mexico
Ch. 7Taxation
Art. 14ALeased Vehicle Gross Receipts Tax

This text of New Mexico § 7-14A-10 (Distribution of proceeds) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.M. Stat. Ann. § 7-14A-10 (2026).

Text

At the end of each month, the net receipts attributable to the leased vehicle gross receipts tax and any associated penalties and interest shall be distributed as follows: A. one-fourth to the local governments road fund; and B. three-fourths to the highway infrastructure fund.

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Legislative History

Laws 1991, ch. 197, § 14; 1999 (1st S.S.), ch. 9, § 1.

Nearby Sections

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Bluebook (online)
New Mexico § 7-14A-10, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/7/7-14A-10.