Bill > HB321

This bill amends the distribution of liquor excise tax and motor vehicle tax revenues in New Mexico. Specifically, it increases the distribution to the local DWI grant fund from 45% to 60% of liquor excise tax net receipts, and redirects 30% of liquor excise tax net receipts to the state Medicaid program rather than to certain municipalities. Additionally, the bill increases the distribution to the drug court fund from 5% to 10% of liquor excise tax net receipts. For motor vehicle taxes, the bill changes the distribution from 59.39% to the general fund, 21.86% to the state road fund, and 18.75% to the transportation project fund, to 50% each to the state road fund and the transportation project fund. The effective date of these changes is July 1, 2023.

Transportation and Infrastructure

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=321&year=23