A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the land grant-merced assistance fund in an amount equal to five-hundredths percent of the net receipts attributable to the gross receipts tax after distributions have been made pursuant to Sections 7-1-6.46 and 7-1-6.47 NMSA 1978.
§ 7-1-6.70 NMSA 1978
Distribution; land grant-merced assistance fund
Known as the Tax Administration Act
The act spans §§ 7–7 (198 sections).
Laws 2022, ch. 32, § 1.
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.