{"data":{"id":"us-nm/7-1-6.71","jurisdiction":"us-nm","citation":"7-1-6.71","heading":"Distribution; metropolitan redevelopment fund; administrative fee.","body":"A. A distribution for a metropolitan redevelopment project pursuant to the Metropolitan Redevelopment Code [Chapter 3, Article 60A NMSA 1978] shall be made to the metropolitan redevelopment fund in accordance with the provisions of Subparagraph (b) of Paragraph (4) of Subsection B of Section 3-60A-21 NMSA 1978 with respect to a dedication of a gross receipts tax increment.\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":"ce5ee0a145ece2beaeb07c5c3e715ff2142fc18731770d2e1db21acb4f9f552d","source_id":"us-nm","stale":false,"prev":"us-nm/7-1-6.70","next":"us-nm/7-1-6.72"},"notice":"GroundRules: Original legal text. Not legal advice."}