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Albuquerque New Mexico online Form 8752: What You Should Know

Note: this is not true for all uses. These statements are only applicable to those teams who have received an application and payment and have filed an initial statement, if one has not yet been filed. If an initial statement has been filed, all teams will file an updated statement on Form 990 (or Form 990-EZ) upon the completion of their financial statements (or in the case of an LLP, the statement of financial position). In the case of a PCT, a Statement of Economic Activity (SEA) or an S-1/A, the Statement of Economic Activity will not be required to be filed and may be filed prior to the filing of the statement of economic activity (SEA or S-1/A) for non-co-residual teams.) As a reminder and no endorsement, here is a list of what is considered “net proceeds” under the U.S. Internal Revenue Code. You can download these forms from the link above or directly from the Office of the State Treasurer. These forms can be downloaded for free here: BENEFITS TO THE STATE AT LARGE: As described, this is a PCT that includes all the teams: New Mexico's 1st round MLS All-Star team; the New Mexico Youth Soccer Association's state cup winners (and their parent club); the New Mexico Youth Soccer Amateur Champions; the New Mexico Youth Soccer Football League's top-eight finishers; the New Mexico Youth Soccer League's top-two finishers; the state-supported teams that have earned an 8th placement or better in the state. Other new to this PCT, as of March 31, 2017, are the top three finishers for each state: North and South Carolina, respectively, and North Dakota. North Dakota, due to its recent passage of House File 49, has also added a top-two finisher. (This was already the case for North Dakota in 2025 prior to House File 49.) All of these states will also be required to contribute at least 1% of their net proceeds to the state's state scholarship fund. The state has also adopted this fund into the state's constitution and has established a governing body to administer and fund the fund.

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