New Mexico Statutes
§ 73-12-48 — District shall pay tax on gross revenue derived from sales
New Mexico § 73-12-48
This text of New Mexico § 73-12-48 (District shall pay tax on gross revenue derived from sales) 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. § 73-12-48 (2026).
Text
of surplus power. Any district organized under the provisions of this act [73-12-1 to 73-12-57 NMSA 1978] shall be taxed in the sum of four percent (4%) of the gross revenue derived from the sale of surplus power, which amount shall be paid into the county treasury of the county in which such district is organized to the credit of the county road fund.
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Legislative History
Laws 1929, ch. 76, § 48; C.S. 1929, § 73-748; 1941 Comp., § 77-2448; 1953
Nearby Sections
15
§ 73-1-1
[Purpose of districts.]§ 73-1-15
[District court procedure; notice.]Cite This Page — Counsel Stack
Bluebook (online)
New Mexico § 73-12-48, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/73/73-12-48.