us-nm/stat
NMSA 1978, § 7-1-6.4 — Distribution; municipality from gross receipts tax
A.
Except as provided in Subsection B of this section, a distribution pursuant to
Section 7-1-6.1 NMSA 1978 shall be made to each municipality in an amount, subject to
any increase or decrease made pursuant to Section 7-1-6.15 NMSA 1978, equal to the
product of the quotient of one and two hundred twenty-five thousandths percent divided
by the tax rate imposed by Section 7-9-4 NMSA 1978 multiplied by the net receipts,
except net receipts attributable to a nonprofit hospital licensed by the health care
authority, for the month attributable to the gross receipts tax from business locations:
(1) within that municipality;
(2) on land owned by the state, commonly known as the "state fairgrounds",
within the exterior boundaries of that municipality;
(3) outside the boundaries of any municipality on land owned by that
municipality; and
(4) on an Indian reservation or pueblo grant in an area that is contiguous to
that municipality and in which the municipality performs services pursuant to a contract
between the municipality and the Indian tribe or Indian pueblo if:
(a) the contract describes an area in which the municipality is required to
perform services and requires the municipality to perform services that are substantially
the same as the services the municipality performs for itself; and
(b) the governing body of the municipality has submitted a copy of the
contract to the secretary.
B.
A distribution pursuant to this section may be adjusted for a distribution made to
a tax increment development district with respect to a portion of a gross receipts tax
increment dedicated by a municipality pursuant to the Tax Increment for Development
Act [Chapter 5, Article 15 NMSA 1978].
C.
As used in this section, "nonprofit hospital" means a hospital that has been
granted exemption from federal income tax by the United States commissioner of
internal revenue as an organization described in Section 501(c)(3) of the Internal
Revenue Code.
Source: official text