{"data":{"id":"us-nm/7-1-6.54","jurisdiction":"us-nm","citation":"7-1-6.54","heading":"Distributions; tax increment development districts; administrative fee.","body":"A. A distribution for a tax increment development district shall be made by the department to a special fund of the district, in accordance with a notice that is filed pursuant to Section 5-15-27 NMSA 1978 with respect to a dedication of a gross receipts tax increment, to a special fund of the tax increment development district.\nB. The department shall withhold an administrative fee of three percent of the net amount to be distributed pursuant to Subsection A of this section, and the money from the fee shall be remitted to the state treasurer for deposit in the general fund each month.","path":["Chapter 7 - Taxation","ARTICLE 1 Administration"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"1625cc87c983e2fdaf13c5c52a664add87618da2cb78b4233b4c4bf657eca17d","source_id":"us-nm","stale":false,"prev":"us-nm/7-1-6.53","next":"us-nm/7-1-6.55"},"notice":"GroundRules: Original legal text. Not legal advice."}