New Mexico § 5-9-10 - Tax increment method of financing
Full text of New Mexico New Mexico Statutes Annotated § 5-9-10 — Tax increment method of financing, with citation guidance and answers to common questions.
§ 5-9-10. Tax increment method of financing
A. Effective for property tax years beginning on or after January 1, 1994, the local
government administering an enterprise zone may elect by resolution to use the tax
increment procedures set forth in Section 11 of the Enterprise Zone Act for financing
enterprise zone projects. Such procedures may be used in addition to or in conjunction with other methods
provided by law for financing such projects. B. The tax increment method of financing enterprise zone projects is the dedication
for further use in enterprise zone projects of that increase in property tax revenue
directly resulting from the increased net taxable value of a parcel of project property
attributable to its rehabilitation, redevelopment or other improvement because of
its inclusion within an enterprise zone project.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 5-9-10
What does New Mexico Statutes Annotated § 5-9-10 cover?
Section 5-9-10 ("Tax increment method of financing") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 5-9-10?
A common citation format is "New Mexico Statutes Annotated § 5-9-10" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 5-9-10 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.