2006 New Mexico Statutes - Section 7-20C-6 — Collection by department; transfer of proceeds; deductions.
7-20C-6. Collection by department; transfer of proceeds; deductions.
A. The department shall collect the local hospital gross receipts tax in the same manner and at the same time it collects the state gross receipts tax.
B. The department shall withhold an administrative fee pursuant to Section 7-1-6.41 NMSA 1978. The department shall transfer to each county for which it is collecting such tax the amount of the tax collected less the administrative fee withheld and less any disbursements for tax credits, refunds and the payment of interest applicable to the tax. Transfer of the tax to a county shall be made within the month following the month in which the tax is collected.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
