New Mexico § 60-1A-18 - Daily pari-mutuel tax; imposed; rate
Full text of New Mexico New Mexico Statutes Annotated § 60-1A-18 — Daily pari-mutuel tax; imposed; rate, with citation guidance and answers to common questions.
§ 60-1A-18. Daily pari-mutuel tax; imposed; rate
A. The “daily pari-mutuel tax” is imposed on a racetrack licensee that offers pari-mutuel
wagering at the racetrack licensee's licensed premises and shall be remitted to the
taxation and revenue department for deposit in the general fund. B. The daily pari-mutuel tax imposed on class A racetrack licensees pursuant to this
section shall be: (1) for each racing day a class A racetrack licensee offers pari-mutuel wagering on
live on-track horse races, six hundred fifty dollars ($650); provided, however, that
a class A racetrack licensee shall deduct from the six hundred fifty dollars ($650)
and remit to the municipality in which the racetrack licensee is located one hundred
fifty dollars ($150) if the racetrack licensee is located in a municipality having
a population according to the 2000 federal decennial census of: (a) less than six thousand located in a county with a population of more than ten
thousand but less than fifteen thousand; or (b) more than eight thousand but less than ten thousand located in a county with a
population of more than one hundred thousand but less than one hundred fifty thousand;
and (2) for each day a class A racetrack licensee offers no pari-mutuel wagering on live
on-track horse races and offers solely pari-mutuel wagering on simulcast races pursuant
to the Horse Racing Act, one-eighth percent of the racetrack licensee's gross daily
handle, not to exceed three hundred dollars ($300) per racing day. C. The daily pari-mutuel tax imposed on a class B racetrack licensee pursuant to this
section shall be: (1) for each racing day a class B racetrack licensee offers pari-mutuel wagering on
live on-track horse races, one-eighth percent of the racetrack licensee's gross daily
handle, not to exceed three hundred dollars ($300) per racing day; and (2) for each day a class B racetrack licensee offers no pari-mutuel wagering on live
on-track horse races and offers solely pari-mutuel wagering on simulcast races pursuant
to the Horse Racing Act, one-eighth percent of the class B racetrack licensee's gross
daily handle, not to exceed three hundred dollars ($300) per racing day.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 60-1A-18
What does New Mexico Statutes Annotated § 60-1A-18 cover?
Section 60-1A-18 ("Daily pari-mutuel tax; imposed; rate") 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 § 60-1A-18?
A common citation format is "New Mexico Statutes Annotated § 60-1A-18" (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 § 60-1A-18 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.