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2019 New Mexico Statutes
Chapter 7 - Taxation
Article 1 - Administration
Section 7-1-6.39 - Distribution of special fuel excise tax to local governments road fund.
Universal Citation: NM Stat § 7-1-6.39 (2019)
A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the local governments road fund in an amount equal to nine and fifty-two hundredths percent of the net receipts attributable to the taxes, exclusive of penalties and interest, from the special fuel excise tax imposed by the Special Fuels Supplier Tax Act [Chapter 7, Article 16A NMSA 1978].
History: 1978 Comp., § 7-1-6.39, enacted by Laws 1995, ch. 6, § 9; 2003 (1st S.S.), ch. 3, § 2.
ANNOTATIONSCross references. — For the local governments road fund, see 67-3-28.2 NMSA 1978.
The 2003 (1st S.S.) amendment, effective July 1, 2004, substituted "nine and fifty-two" for "eleven and eleven" following "amount equal to" near the middle of the section.
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