7-1-6.70. Distribution; land grant-merced assistance fund.
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/nm/chapter-7-taxation/article-1-administration/7-1-6-70·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.
History: Laws 2022, ch. 32, § 1.