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New Mexico Statutes 60-2D-16. Pari-mutuel wagering; taxes

New Mexico Statutes > Chapter 60 > Article 2D > § 60-2D-16 - Pari-mutuel wagering; taxes


Current as of: 2010

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".

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New Mexico Laws: Bicycles

New Mexico Statutes Chapter 32A > Article 24 - Child Helmet Safety Act
New Mexico Statutes Chapter 60 > Article 2D - Bicycle Racing

Federal Regulations: Bicycles

CFR > Title 16 > Chapter II > Part 1512 - Requirements for bicycles
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