New Mexico § 7-19-15 Collection by department; transfer of proceeds;

New Mexico Statutes

§ 7-19-15 — Collection by department; transfer of proceeds;

New Mexico § 7-19-15

Ch. 7Taxation

Art. 19Supplemental Municipal Gross Receipts Tax

This text of New Mexico § 7-19-15 (Collection by department; transfer 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. § 7-19-15 (2026).

Text

deductions.

A.The department shall collect the supplemental municipal gross receipts tax in the same manner and at the same time it collects the state gross receipts tax.

B.The department shall withhold an administrative fee pursuant to Section 1 [7-1- 6.41 NMSA 1978] of this 1997 act. The department shall transfer to each municipality for which it is collecting a supplemental municipal gross receipts tax the amount of the tax collected less the administrative fee withheld and less any disbursements for tax credits, refunds and the payment of interest applicable to the supplemental municipal gross receipts tax. Transfer of the tax to a municipality shall be made within the month following the month in which the tax is collected.

Free access — add to your briefcase to read the full text and ask questions with AI

deductions. A. The department shall collect the supplemental municipal gross receipts tax in the same manner and at the same time it collects the state gross receipts tax. B. The department shall withhold an administrative fee pursuant to Section 1 [7-1- 6.41 NMSA 1978] of this 1997 act. The department shall transfer to each municipality for which it is collecting a supplemental municipal gross receipts tax the amount of the tax collected less the administrative fee withheld and less any disbursements for tax credits, refunds and the payment of interest applicable to the supplemental municipal gross receipts tax. Transfer of the tax to a municipality shall be made within the month following the month in which the tax is collected.