New Mexico § 7-1-6.13 - Transfer; revenues from county local option gross receipts and compensating taxes
Full text of New Mexico New Mexico Statutes Annotated § 7-1-6.13 — Transfer; revenues from county local option gross receipts and compensating taxes, with citation guidance and answers to common questions.
§ 7-1-6.13. Transfer; revenues from county local option gross receipts and compensating taxes
gross receipts tax and county compensating tax imposed by that county in an amount,
subject to any increase or decrease made pursuant to Section 7-1-6.15 NMSA 1978 , equal to the net receipts attributable to the local option gross receipts tax and
county compensating tax imposed by that county, less any deduction for administrative
cost determined and made by the department pursuant to the provisions of the act authorizing
imposition by that county of the local option gross receipts tax and county compensating
tax and any additional administrative fee withheld pursuant to Section 7-1-6.41 NMSA 1978 . B. A transfer pursuant to this section may be adjusted for a distribution made to
a tax increment development district with respect to a portion of a gross receipts
tax increment dedicated by a county pursuant to the Tax Increment for Development
Act. 1 C. A transfer pursuant to this section shall be adjusted for a distribution made to
the Local Economic Development Act fund pursuant to Section 7-1-6.67 NMSA 1978 and with respect to the amount dedicated by a county pursuant to Subsection B of Section 5-10-17 NMSA 1978 . D. A transfer pursuant to this section shall be adjusted for a distribution made to
the metropolitan redevelopment fund pursuant to Section 11 of this 2023 act and with
respect to the amount dedicated by a county pursuant to Section 3-60A-23 NMSA 1978 . 1
NMSA 1978, § 5-15-1 et seq.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 7-1-6.13
What does New Mexico Statutes Annotated § 7-1-6.13 cover?
Section 7-1-6.13 ("Transfer; revenues from county local option gross receipts and compensating 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 § 7-1-6.13?
A common citation format is "New Mexico Statutes Annotated § 7-1-6.13" (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 § 7-1-6.13 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.