The department may deduct an amount not to exceed five percent of the proceeds of a local liquor excise tax as a charge for the administrative costs of collection, which amount shall be retained by the department for use in administration of the Local Liquor Excise Tax Act [ 7-24-8 to 7-24-16 NMSA 1978].
§ 7-24-15 NMSA 1978
Administrative charge
Known as the Local Liquor Excise Tax Act
The act spans §§ 7–7 (17 sections).
Laws 1989, ch. 326, § 8.
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.