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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-14A-10

Distribution of proceeds

Official textnmonesource.comlast amended

At the end of each month, the net receipts attributable to the leased vehicle gross receipts tax and any associated penalties and interest shall be distributed as follows:

# A.

one-fourth to the local governments road fund; and

# B.

three-fourths to the highway infrastructure fund.

Amendment history

Laws 1991, ch. 197, § 14; 1999 (1st S.S.), ch. 9, § 1.

Source: official source (NMSA chapter on nmonesource.com)

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In this article (12 sections)
  1. 7-14A-1 · Short title
  2. 7-14A-2 · Definitions
  3. 7-14A-3 · 7-14A-3
  4. 7-14A-3.1 · Imposition and rate; leased vehicle surcharge
  5. 7-14A-4 · Presumption of taxability
  6. 7-14A-5 · Separately stating the leased vehicle gross receipts tax
  7. 7-14A-6 · Date payment due
  8. 7-14A-7 · Deduction; transactions in interstate commerce
  9. 7-14A-8 · Deduction; trade-in allowance
  10. 7-14A-9 · Repealed
  11. 7-14A-10 · Distribution of proceeds
  12. 7-14A-11 · Administration
Full table of contents →