NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-15-5
Distribution of proceeds
Official textnmonesource.comlast amended
The receipts from permit fees established pursuant to Subsection C of Section 7-15-
3.1 NMSA 1978, the trip tax and any associated interest and penalties shall be deposited into the "motor vehicle suspense fund", hereby created in the state treasury.
As of the end of each month, the net receipts attributable to the permit fees established pursuant to Subsection C of Section 7-15-3.1 NMSA 1978, trip tax and penalties and interest associated with the trip tax shall be distributed to the state road fund.
Amendment history
1978 Comp., § 7-15-5, enacted by Laws 1988, ch. 73, § 26.
Source: official source (NMSA chapter on nmonesource.com)
In this article (10 sections)
- 7-15-1 · Recompiled
- 7-15-1.1 · Short title
- 7-15-2 · Repealed
- 7-15-2.1 · Definitions
- 7-15-3 · Repealed
- 7-15-3.1 · Trip tax; computation
- 7-15-3.2 · Exemption from tax
- 7-15-4 · Interest; penalties
- 7-15-5 · Distribution of proceeds
- 7-15-6 · Administration by department; authority of department