NMSA 1978, § 7-2-31.1 — 7-2-31.1

Optional refund contribution provisions; conditional
repeal.

# A.

By August 31 of each year, the secretary shall determine the total amount
contributed through the preceding July 31 on returns filed for taxable years ending in the
preceding calendar year pursuant to each purpose stated in Section 7-2-24 NMSA
1978.

# B.

If the secretary's determination pursuant to Subsection A of this section regarding
an optional refund contribution provision is that the amount contributed is less than ten
thousand dollars ($10,000), the secretary shall certify that fact to the secretary of state.
Any optional refund contribution purpose for which a certification is made for three
consecutive years is repealed and shall no longer be included on the state income tax
form, effective on the January 1 following the third certification.