{"data":{"id":"us-nm/60-2d-16","jurisdiction":"us-nm","citation":"60-2D-16","heading":"Pari-mutuel wagering; taxes.","body":"Each licensee holding a pari-mutuel bicycle-racing license shall withhold fifteen percent from the pari-mutuel bicycle-racing wagers made and pay daily:\nA. 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\nB. 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.\nThese amounts shall constitute the \"bicycle-racing pari-mutuel tax\".","path":["Chapter 60 - Business Licenses","ARTICLE 2D Bicycle Racing"],"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":"c8373a3110a106cc0965469411f6c868fc464dbf89404c06f128dbe2d169a9ef","source_id":"us-nm","stale":false,"prev":"us-nm/60-2d-15","next":"us-nm/60-2d-17"},"notice":"GroundRules: Original legal text. Not legal advice."}