New Mexico § 10-7-20 - Qualified transportation fringe benefit
Full text of New Mexico New Mexico Statutes Annotated § 10-7-20 — Qualified transportation fringe benefit, with citation guidance and answers to common questions.
§ 10-7-20. Qualified transportation fringe benefit
State agencies, state educational institutions and political subdivisions of the state
may offer to their employees a qualified transportation fringe benefit in accordance
with Section 132(f) of the Internal Revenue Code of 1986 . The qualified transportation fringe benefit may be offered as an employee pretax
deduction or an employer-paid benefit or a combination of the two, as determined by
the department of finance and administration, the governing authority of an institution
or the governing body of a political subdivision of the state.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 10-7-20
What does New Mexico Statutes Annotated § 10-7-20 cover?
Section 10-7-20 ("Qualified transportation fringe benefit") 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 § 10-7-20?
A common citation format is "New Mexico Statutes Annotated § 10-7-20" (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 § 10-7-20 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.