N.M. Stat. § 7-14A-10
§ 7-14A-10. Distribution of proceeds
Year: 2026Length: 44 words
At the end of each month, the net receipts attributable to the leased vehicle gross receipts tax and any associated penalties and interest shall be distributed as follows:
A. one-fourth to the local governments road fund; and
B. three-fourths to the highway infrastructure fund.