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Pari-mutuel wagering; taxes

NMSA 1978, § 60-2D-16
in effect
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60-2D-16. Pari-mutuel wagering; taxes Each licensee holding a pari-mutuel bicycle-racing license shall withhold fifteen percent from the pari-mutuel bicycle-racing wagers made and pay daily: A. thirteen percent of the gross receipts of all pari-mutuel bicycle-racing wagers at a meet to the state treasurer, which shall be deposited in the general fund; and B. two percent of the gross receipts of all pari-mutuel bicycle-racing wagers made at a meet to the county treasurer of the county in which the meet is held. These amounts shall constitute the "bicycle-racing pari-mutuel tax". Laws 1991, ch. 233, § 16.
Source: New Mexico Compilation Commission (nmonesource.com)URL: https://nmonesource.com/nmos/nmsa-unanno/en/item/18563/index.do#!b/60-2D-16Fetched: 10/20/2026

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