NM HB160

Creates the "All Cities and Counties Fund" in the state treasury to distribute gross receipts tax revenue to municipalities and counties across New Mexico

Directs 8% of net gross receipts tax revenue otherwise going to the general fund into this new fund

Distribution formula weights 70% by population and 30% by equalized gross receipts tax revenue, ensuring both population-based equity and recognition of local economic activity

Taxation and Revenue Department must certify transfer amounts by October 1 each year, with state treasurer distributing funds by November 1, beginning in 2027

H class counties receive distributions based on total county population rather than only unincorporated area population