New Mexico § 60-2A-23 - Regulatory fees on promotions
Full text of New Mexico New Mexico Statutes Annotated § 60-2A-23 — Regulatory fees on promotions, with citation guidance and answers to common questions.
§ 60-2A-23. Regulatory fees on promotions
A. In addition to any other taxes or fees provided by law, there is imposed upon every
promoter for the privilege of promoting a professional contest a regulatory fee in
an amount determined pursuant to the rules of the commission to be sufficient to cover
the costs of regulating the contest; provided that the fee shall not exceed four
percent of the total gross receipts of any professional contest conducted live in
New Mexico. B. The commission shall adopt rules for the administration, collection and enforcement
of the fee imposed pursuant to this section. C. As used in this section, “ total gross receipts of any professional contest ” includes: (1) the gross price charged for the sale, lease or other exploitation of broadcasting,
television or motion picture rights of the professional contest without any deductions
for commissions, brokerage fees, distribution fees, advertising or other expenses
or charges; (2) the face value of all tickets sold and complimentary tickets issued; and (3) any sums received as consideration for holding a professional contest at a particular
location.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 60-2A-23
What does New Mexico Statutes Annotated § 60-2A-23 cover?
Section 60-2A-23 ("Regulatory fees on promotions") 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 § 60-2A-23?
A common citation format is "New Mexico Statutes Annotated § 60-2A-23" (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 § 60-2A-23 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.