7-1-6.39. Distribution of special fuel excise tax to local governments
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/nm/chapter-7-taxation/article-1-administration/7-1-6-39·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
road fund.
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.