New Mexico Administrative Code
Title 2 - PUBLIC FINANCE
Chapter 105 - LOCAL GOVERNMENT EXPENDITURES
Part 2 - LODGERS' TAX QUARTERLY REPORT
Section 2.105.2.8 - ELIGIBLE USES OF TAX PROCEEDS
Universal Citation: 2 NM Admin Code 2.105.2.8
Current through Register Vol. 35, No. 18, September 24, 2024
A. Sections 3-38-13 to 3-38-24 NMSA 1978, the Lodgers' Tax Act, authorizes municipal and county governments to adopt ordinances imposing occupancy tax for revenues on lodging establishments within municipal boundaries or within that part of the county outside of municipal boundaries.
B. Proceeds may be used to defray the costs of:
(1)
collecting and otherwise administering the tax;
(2) establishing, operating, purchasing,
constructing, otherwise acquiring, reconstructing, extending, improving,
equipping, furnishing or acquiring real property or any interest in real
property for the site or grounds for tourist related facilities, attractions or
transportation systems of the municipality, the county in which the
municipality is located or the county;
(3) advertising, publicizing and promoting
tourist-related attractions, facilities and events of the municipality or
county and tourist facilities or attractions within the area;
(4) providing police and fire protection and
sanitation service for tourist-related events, facilities and attractions
located in the respective municipality or county;
(5) paying principal and interest on certain
premiums due in connection with lodgers' tax revenue bonds; and
(6) performing audits pursuant to Section
3-38-17.1 NMSA
1978.
Disclaimer: These regulations may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
