[Adopted 12-19-1986 by Ord. No. 86-02]
There is imposed on any person engaging in business in this
County for the privilege of engaging in business in this County an
excise tax equal to 1/8% of the gross receipts reported or required
to be reported by the person pursuant to the New Mexico Gross Receipts
and Compensating Tax Act as it now exists or as it may be amended.[1] The tax imposed under this article is pursuant to the
County Gross Receipts Tax Act as it now exists or as it may be amended
and shall be known as the "County gross receipts tax."
[1]
Editor's Note: See NMSA 1978, § 7-9-1 et seq.
This article hereby adopts by reference all definitions, exemptions
and deductions contained in the Gross Receipts and Compensating Tax
Act as it now exists or as it may be amended.
No County gross receipts tax shall be imposed on the gross receipts
arising from:
A.
The transmission of messages by wire or other means from one point
within the County to another point outside the County; or
B.
Transporting persons or property for hire by railroad, motor vehicle,
air transportation or any other means from one point within the County
to another point outside the County.
Revenue from the County gross receipts tax will be used for
the following purpose(s): general County purposes as allowed by law.
The effective date of the County gross receipts tax shall be
July 1, 1987, unless an election is held pursuant to NMSA 1978, § 7-19-4C(2),[1] on the question of disapproving the ordinance, in which
case the effective date shall be on either July 1 or January 1, whichever
date occurs first after the expiration of three months from the date
when the results of the election are certified to be in favor of the
ordinance's adoption.
[1]
Editor's Note: NMSA 1978, § 7-19-4, was recompiled
as NMSA 1978, § 7-19D-9 by L. 1993, Ch. 346, § 9.
