N.M. Stat. § 3-38A-3
Hospitality fee authorized; rate; purpose. (Repealed
effective July 1, 2028.)
A. A municipality may impose by ordinance a hospitality fee on the gross rent
received by proprietors of tourist accommodations within the municipality in an amount
not to exceed one percent of the gross rent. The fee imposed by this subsection may be
referred to as the "hospitality fee".
B. Proceeds from the hospitality fee shall be used as follows:
(1)
fifty percent of the proceeds shall be used to equip and furnish a municipal
convention center; and
(2)
fifty percent of the proceeds shall be used by the municipality to contract
to purchase advertising that publicizes and promotes tourist-related attractions, facilities
and events in the municipality and the county and tourist facilities or attractions within
the area.