- A. A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to each municipality, subject to any increase or decrease made pursuant to Section 7-1-6.15 NMSA 1978, in an amount equal to thirty-three and thirty-three hundredths percent of the net receipts attributable to the cannabis excise tax from business locations sourced to the municipality as reported pursuant to Section 7-42-4 NMSA 1978.
- B. A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to each county in an amount equal to thirty-three and thirty-three hundredths percent of the net receipts attributable to the cannabis excise tax from business locations sourced to the county area of the county as reported pursuant to Section 7-42-4 NMSA 1978.
- C. The department may deduct an amount not to exceed three percent of the distributions made pursuant to this section for the reasonable costs for administering the distributions.
- D. As used in this section, "county area" means that portion of a county located outside the boundaries of any municipality.
History: Laws 2021 (1st S.S.), ch. 4, § 50; 2023, ch. 85, § 2; 2025, ch. 130, § 24.
ANNOTATIONS
The 2025 amendment, effective July 1, 2025, replaced each occurrence of "within" with "sourced to".
The 2023 amendment, effective July 1, 2023, provided for destination-based sourcing for the cannabis excise tax; after "cannabis excise tax from", deleted "cannabis retailers" and added "business locations" throughout the section; in Subsection A, after "municipality", added "as reported pursuant to Section 7-42-4 NMSA 1978"; and in Subsection B, after "within the county area of the county", added "as reported pursuant to Section 7-42-4 NMSA 1978".