A district board shall separately account for all revenues and indebtedness based on gross receipts tax increments and property tax increments. The district board shall individually account for all gross receipts tax increments.
§ 5-15-24 NMSA 1978
Tax increment accounting procedures
Known as the Tax Increment for Development Act
The act spans §§ 5–5 (35 sections).
Laws 2006, ch. 75, § 24.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.