NMSA 1978, § 7-1-6.66 — 7-1-6.66

Distribution; offset for food and beverage establishments
deduction. (Repealed effective January 1, 2028.)

# A.

A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to a
municipality in an amount, subject to any increase or decrease made pursuant to
Section 7-1-6.15 NMSA 1978, equal to the sum of the deductions claimed pursuant to
Section 3 [7-9-118 NMSA 1978 [repealed]] of this 2021 act for the month by taxpayers
from business locations attributable to the municipality multiplied by the sum of the
combined rate of all municipal local option gross receipts taxes in effect in the
municipality on January 1, 2021 plus one and two hundred twenty-five thousandths
percent.

# B.

A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to a county
in an amount, subject to any increase or decrease made pursuant to Section 7-1-6.15
NMSA 1978, equal to the sum of the total deductions claimed pursuant to Section 3 of
this 2021 act for the month by taxpayers from business locations:
(1) within a municipality in the county multiplied by the combined rate of all
county local option gross receipts taxes in effect on January 1, 2021 that are imposed in
the county; and
(2) in the county but not within a municipality multiplied by the combined rate
of all county local option gross receipts taxes in effect on January 1, 2021 that are
imposed in the county area not within a municipality.

# C.

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].

# D.

For the purposes of this section, "business locations attributable to the
municipality" means business locations:
(1) within the municipality;
(2) on land owned by the state, commonly known as the "state fairgrounds",
within the exterior boundaries of the municipality;
(3) outside the boundaries of the municipality on land owned by the
municipality; and
(4) on an Indian reservation or pueblo grant in an area that is contiguous to
the 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.