Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 14 - Motor Vehicle Excise Tax, 7-14-1 through 7-14-11. > Section 7-14-10 - Distribution of proceeds.

Section 7-14-10 - Distribution of proceeds.

7-14-10. Distribution of proceeds.

The receipts from the tax and any associated interest and penalties shall be deposited in the "motor vehicle suspense fund", hereby created in the state treasury.  As of the end of each month, the net receipts attributable to the tax and associated penalties and interest shall be distributed to the general fund.