New Mexico § 60-2D-16 - Pari-mutuel wagering; taxes
Full text of New Mexico New Mexico Statutes Annotated § 60-2D-16 — Pari-mutuel wagering; taxes, with citation guidance and answers to common questions.
§ 60-2D-16. Pari-mutuel wagering; taxes
Each licensee holding a pari-mutuel bicycle-racing license shall withhold fifteen
percent from the pari-mutuel bicycle-racing wagers made and pay daily: A. thirteen percent of the gross receipts of all pari-mutuel bicycle-racing wagers
at a meet to the state treasurer, which shall be deposited in the general fund; and B. two percent of the gross receipts of all pari-mutuel bicycle-racing wagers made
at a meet to the county treasurer of the county in which the meet is held. These amounts shall constitute the “bicycle-racing pari-mutuel tax”.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 60-2D-16
What does New Mexico Statutes Annotated § 60-2D-16 cover?
Section 60-2D-16 ("Pari-mutuel wagering; taxes") 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 § 60-2D-16?
A common citation format is "New Mexico Statutes Annotated § 60-2D-16" (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 § 60-2D-16 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.