NMSA 1978, § 7-24-4 — 7-24-4

[License tax period; revocation or suspension of license;
effect.]
The license tax period contemplated by Sections 1102 and 1103 shall begin July first
of each year and end June thirtieth of the following year, and such tax may not be
prorated except in the manner and for the periods set out in Section 704 as applicable
to state licenses; and the revocation or suspension of any retail, dispensary or club
license shall not entitle the licensee to the refund of any portion of any municipal or
county license tax which such licensee has paid or relieve such licensee of the
obligation for the payment of any deferred installment thereof.