The resolution authorized under Section 22-25-3 NMSA 1978 shall be adopted within the time frames required by the Election Code [Chapter 1 NMSA 1978] and pursuant to the requirements of the property tax division of the taxation and revenue department. History: 1953 Comp., § 77-25-4, enacted by Laws 1975 (S.S.), ch. 5, § 4; 2019, ch. 212, § 223. ANNOTATIONSThe 2019 amendment, effective April 3, 2019, required that a resolution on the question of imposition of capital improvements tax be adopted within the time frames required by the Election Code and pursuant to the requirements of the property tax division of the taxation and revenue department; changed '3 of the Public School Capital Improvements Act' to '22-25-3 NMSA 1978', and after 'adopted', deleted 'no later than May 15 in the year in which the tax is proposed and to be imposed' and added the remainder of the section.
New Mexico Legal Code