New Mexico Statutes
Article 38A - Hospitality Fee
Section 3-38A-3 - Hospitality fee authorized; rate; purpose. (Repealed effective July 1, 2028.)

A. A municipality may impose by ordinance a hospitality fee on the gross rent received by proprietors of tourist accommodations within the municipality in an amount not to exceed one percent of the gross rent. The fee imposed by this subsection may be referred to as the "hospitality fee".
B. Proceeds from the hospitality fee shall be used as follows:
(1) fifty percent of the proceeds shall be used to equip and furnish a municipal convention center; and
(2) fifty percent of the proceeds shall be used by the municipality to contract to purchase advertising that publicizes and promotes tourist-related attractions, facilities and events in the municipality and the county and tourist facilities or attractions within the area.
History: Laws 2003, ch. 417, § 3; 2007, ch. 233, § 2; 2008, ch. 5, § 1.
Delayed repeals. — Laws 2007, ch. 233, § 1 amended Laws 2003, ch. 417, § 13, to provide that the Hospitality Fee Act is repealed effective July 1, 2028.
The 2008 amendment, effective February 13, 2008, increased the amount of proceeds for advertising from twenty-five percent to fifty percent and deleted the authorization to use proceeds to extinguish debt for a metropolitan court facility.
The 2007 amendment, effective June 15, 2007, changed the percentage that may be used for advertising to twenty-five percent and added Paragraph (3) of Subsection B.

Structure New Mexico Statutes