New Mexico § 7-15-5 Distribution of proceeds

New Mexico Statutes

§ 7-15-5 — Distribution of proceeds

New Mexico § 7-15-5

Ch. 7Taxation

Art. 15Trip Tax

This text of New Mexico § 7-15-5 (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. § 7-15-5 (2026).

Text

The receipts from permit fees established pursuant to Subsection C of Section 7-15- 3.1 NMSA 1978, the trip tax and any associated interest and penalties shall be deposited into the "motor vehicle suspense fund", hereby created in the state treasury. As of the end of each month, the net receipts attributable to the permit fees established pursuant to Subsection C of Section 7-15-3.1 NMSA 1978, trip tax and penalties and interest associated with the trip tax shall be distributed to the state road fund.

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The receipts from permit fees established pursuant to Subsection C of Section 7-15- 3.1 NMSA 1978, the trip tax and any associated interest and penalties shall be deposited into the "motor vehicle suspense fund", hereby created in the state treasury. As of the end of each month, the net receipts attributable to the permit fees established pursuant to Subsection C of Section 7-15-3.1 NMSA 1978, trip tax and penalties and interest associated with the trip tax shall be distributed to the state road fund.