Otero County, NM Article X Hold Harmless Gross Receipts Tax 2013

[Adopted 12-3-2013 by Ord. No. 13-06]

§ 205-48 Imposition of tax.

There is imposed on any person engaging in business in the County for the privilege of engaging in business in this County an excise tax equal to 0.25% 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. The tax imposed under this article is pursuant to the County Local Option Gross Receipts Taxes Act as it now exists or as it may be amended and shall be known as the "County hold harmless gross receipts tax."

§ 205-49 General provisions.

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.

§ 205-50 Specific exemptions.

No County hold harmless gross receipts tax shall be imposed on the gross receipts arising from:

A. 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;

B. Direct broadcast satellite services.

§ 205-51 Dedication.

Revenue from the County hold harmless gross receipts tax will be used for the purpose of general operations of the County, including bond debt service.

§ 205-52 Effective date.

The effective date of the County hold harmless gross receipts tax shall be either January l or July 1, whichever date occurs first after the expiration of three months from the date this article is adopted.