New Mexico § 60-2F-21 - Tax imposition
Full text of New Mexico New Mexico Statutes Annotated § 60-2F-21 — Tax imposition, with citation guidance and answers to common questions.
§ 60-2F-21. Tax imposition
A. A bingo and raffle tax equal to one-half percent of the gross receipts of any game
of chance held, operated or conducted for or by a qualified organization shall be
imposed on the qualified organization. B. No other state or local gross receipts tax shall apply to a qualified organization's
receipts generated by a game of chance authorized by the New Mexico Bingo and Raffle
Act. C. The tax imposed pursuant to this section shall be submitted quarterly to the taxation
and revenue department on or before April 25, July 25, October 25 and January 25. D. The taxation and revenue department shall administer the tax imposed in this section
pursuant to the Tax Administration Act.
Frequently Asked Questions About New Mexico § 60-2F-21
What does New Mexico Statutes Annotated § 60-2F-21 cover?
Section 60-2F-21 ("Tax imposition") 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 § 60-2F-21?
A common citation format is "New Mexico Statutes Annotated § 60-2F-21" (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 § 60-2F-21 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.