A distribution for a tax increment development district shall be made by the department to a special fund of the district, in accordance with a notice that is filed pursuant to Section 5-15-27 NMSA 1978 with respect to a dedication of a gross receipts tax increment, to a special fund of the tax increment development district. History: Laws 2006, ch. 75, § 29; 2019, ch. 275, § 9. ANNOTATIONSThe 2019 amendment, effective July 1, 2019, required the taxation and revenue department to make distributions for a tax increment development district into a special fund of the district in accordance with a notice that is filed pursuant to Section 5-15-27 NMSA 1978; and after 'distribution', deleted 'to' and added 'for', after 'department', added 'to a special fund of the district', after 'pursuant to', deleted 'the Tax Increment for Development Act' and added 'Section 5-15-27 NMSA 1978', and after 'tax increment, to', added 'a special fund'.Applicability. — Laws 2019, ch. 275, § 10 provided that the provisions of this act shall not apply to dedications of gross receipts tax increments by the state board of finance made prior to July 1, 2019.
New Mexico Legal Code