Bill > SB30

This bill provides that revenue from a regional transit gross receipts tax imposed by a county be distributed directly to the regional transit district rather than transferred from the county to the district. Specifically, it requires the Department of Taxation and Revenue to make a distribution to each regional transit district equal to the net receipts attributable to the county's regional transit gross receipts tax, less any deduction for administrative costs. The bill also makes related changes to the laws governing adjustments to distributions or transfers to municipalities, counties, and regional transit districts.

Budget and Finance

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=30&year=22