{"data":{"id":"us-nm/60-1a-18","jurisdiction":"us-nm","citation":"60-1A-18","heading":"Daily pari-mutuel tax; imposed; rate. (Repealed effective July 1, 2028.)","body":"A. The \"daily pari-mutuel tax\" is imposed on a racetrack licensee that offers pari-mutuel wagering at the racetrack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.\nB. The daily pari-mutuel tax imposed on class A racetrack licensees pursuant to this section shall be:\n(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:\n(a) less than six thousand located in a county with a population of more than ten thousand but less than fifteen thousand; or\n(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\n(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.\nC. The daily pari-mutuel tax imposed on a class B racetrack licensee pursuant to this section shall be:\n(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\n(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.","path":["Chapter 60 - Business Licenses","ARTICLE 1A Horse Racing Act"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18563/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:20Z","sha256":"ec1123b63de2139314bc757935d50b16763f715da02e3ce73f26a5a5157cd81d","source_id":"us-nm","stale":false,"prev":"us-nm/60-1a-17","next":"us-nm/60-1a-19"},"notice":"GroundRules: Original legal text. Not legal advice."}