Section 7-20E-7 - Collection by department; transfer of proceeds; deductions. - New Mexico Statutes

7-20E-7. Collection by department; transfer of proceeds; deductions.

A.     The department shall collect each tax imposed pursuant to the provisions of the County Local Option Gross Receipts Taxes Act [7-20E-1 NMSA 1978] in the same manner and at the same time it collects the state gross receipts tax. 

B.     The department shall withhold an administrative fee pursuant to Section 7-1-6.41 NMSA 1978.  Except as provided in Subsection C of this section, the department shall transfer to each county for which it is collecting a tax pursuant to the provisions of the County Local Option Gross Receipts Taxes Act the amount of each tax collected for that county, less the administrative fee withheld and less any disbursements for tax credits, refunds and the payment of interest applicable to the tax.  The transfer to the county shall be made within the month following the month in which the tax is collected. 

C.     Through June 30, 2009, with respect to revenue attributable to imposition by a county of the county gross receipts tax pursuant to Section 7-20E-9 NMSA 1978, the department shall, subject to the approval of the board of county commissioners of that county, distribute monthly to the sole community provider fund an amount equal to one-twelfth of the county's approved annual contribution for support of sole community provider payments.  Revenue in excess of the amount required for the contribution shall be transferred to the county pursuant to the provisions of Subsection B of this section.