There is imposed on any person engaging in business in this municipality for the privilege of engaging in business in this municipality an excise tax equal to one-eighth of one percent 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 chapter is pursuant to the Municipal Local Option Gross Receipts Taxes Act as it now exists or as it may be amended and shall be known as the “municipal infrastructure gross receipts tax.”
(Prior code § 7-7-1; Ord. 91-09 § 1; Ord. 92-01 § 1; Ord. 2003-01 § 1)
This chapter 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.
(Prior code § 7-7-2; Ord. 91-09 § 2; Ord. 92-01 § 2; Ord. 2003-01 § 2)
No municipal infrastructure 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 municipality to another point outside the municipality;
B. 
A business located outside the boundaries of a municipality on land owned by that municipality for which a state gross receipts tax distribution is made pursuant to Section 7-1-6.4(C) NMSA 1978; or
C. 
Direct broadcast satellite services.
(Prior code § 7-7-3; Ord. 91-09 § 3; Ord. 92-01 § 3; Ord. 2003-01 § 3)
Revenue from the municipal infrastructure gross receipts tax will be used for the purpose(s) listed below:
A. 
Payment of special obligation bonds issued pursuant to a revenue bond act;
B. 
Municipal general purposes;
C. 
Design, construction, acquisition, improvement, renovation, rehabilitation, equipping, furnishing or maintenance of public buildings or facilities, including parking facilities, the acquisition of land for the public buildings or facilities and the acquisition or improvement of the grounds surrounding public buildings or facilities;
D. 
Acquisition of land for open space, public parks or public recreational facilities and the design, acquisition, construction, improvement or equipping of parks and recreational facilities;
E. 
Construction, reconstruction or improvement of municipal streets, including acquisitions of rights-of-way.
(Prior code § 7-7-4; Ord. 91-09 § 1; Ord. 92-01 § 1; Ord. 93-06 § 1; Ord. 2003-01 § 4)
The effective date of the municipal infrastructure gross receipts tax shall be either January 1st or July 1st, 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 and the adopted ordinance is delivered or mailed to the Taxation and Revenue Department.
(Prior code § 7-7-5; Ord. 91-09 § 5; Ord. 92-01 § 5; Ord. 2003-01 § 5)