Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 1 - Administration, 7-1-1 through 7-1-82. > Section 7-1-6.2 - Distribution; small cities assistance fund.

Section 7-1-6.2 - Distribution; small cities assistance fund.

7-1-6.2. Distribution; small cities assistance fund.

A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to the small cities assistance fund in an amount equal to ten percent of the net receipts attributable to the compensating tax.