Tax Increment for Development | Midpage

Collections
New Mexico Statutes Annotated 1978

15

Tax Increment for Development

State of New Mexico

5-15-1Short title 5-15-2Findings and purpose 5-15-3Definitions 5-15-4Resolution for formation of a district 5-15-5Contents of tax increment development plan 5-15-6Notice of public hearing 5-15-7Public hearing 5-15-8Formation determination; election 5-15-8.1Posting of notices 5-15-9Formation of a district 5-15-10Governance of the district 5-15-11Records; open meetings 5-15-12District powers; limitations 5-15-13Authority to impose property tax levy 5-15-14Property tax levy rescission election 5-15-15Tax increment financing; gross receipts tax increment to secure bonds 5-15-15.1Filing fee for evaluating use of state gross receipts tax increment 5-15-16Bonding authority; gross receipts tax increment 5-15-17Property tax increment bonds 5-15-18Bonding authority; property tax increment 5-15-19Refunding bonds 5-15-20General bonding authority of a tax increment development district; other limitations 5-15-20.1Debt service reserve account 5-15-21Approval required for issuance of bonds against state gross receipts tax increments 5-15-22Exemption from taxation 5-15-23Protection from impairment 5-15-24Tax increment accounting procedures 5-15-25Modification of tax increment development area boundaries or tax increment development plan 5-15-25.1Base period revision; resolution; comment period; submission of materials 5-15-25.2Base period revision; approval 5-15-25.3Base period revision; effect 5-15-26Termination of tax increment development district 5-15-27Dedication of gross receipts tax increment; notice to taxation and revenue department 5-15-28Bond term expiration 5-15-29Report required