PocketLaw | New Mexico Statutes | Tax Increment for Development

Tax Increment for Development

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Short title.

Findings and purpose.

Definitions.

Resolution for formation of a district.

Contents of tax increment development plan.

Notice of public hearing.

Public hearing.

Formation determination; election.

Section
5-15-8.1

Posting of notices.

Formation of a district.

Section
5-15-10

Governance of the district.

Section
5-15-11

Records; open meetings.

Section
5-15-12

District powers; limitations.

Section
5-15-13

Authority to impose property tax levy.

Section
5-15-14

Property tax levy rescission election.

Section
5-15-15

Tax increment financing; gross receipts tax increment to secure bonds.

Section
5-15-15.1

Filing fee for evaluating use of state gross receipts tax increment.

Section
5-15-16

Bonding authority; gross receipts tax increment.

Section
5-15-17

Property tax increment bonds.

Section
5-15-18

Bonding authority; property tax increment.

Section
5-15-19

Refunding bonds.

Section
5-15-20

General bonding authority of a tax increment development district; other limitations.

Section
5-15-20.1

Debt service reserve account.

Section
5-15-21

Approval required for issuance of bonds against state gross receipts tax increments.

Section
5-15-22

Exemption from taxation.

Section
5-15-23

Protection from impairment.

Section
5-15-24

Tax increment accounting procedures.

Section
5-15-25

Modification of tax increment development area boundaries or tax increment development plan.

Section
5-15-25.1

Base year revision; resolution; comment period; submission of materials.

Section
5-15-25.2

Base year revision; approval.

Section
5-15-25.3

Base year revision; effect.

Section
5-15-26

Termination of tax increment development district.

Section
5-15-27

Dedication of gross receipts tax increment; notice to taxation and revenue department.

Section
5-15-28

Bond term expiration.

Section
5-15-29

Report required.