[Adopted 9-30-1993 by Ord. No. 124-93]
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 1% of the gross receipts reported or
required to be reported by the person pursuant to the New Mexico Gross
Receipts and Compensating Tax Act, NMSA § 7-9-1 et seq.,
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, NMSA § 7-20E-1 et seq., as it now exists or as it may
be amended and shall be known as the "County third 1/8 gross receipts
tax."
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.[1]
[1]
Editor's Note: See NMSA § 7-9-1 et seq.
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.
[Amended 12-12-1995 by Ord. No. 162-95[1]]
The revenue derived from the County gross receipts
tax shall be used for the purpose provided by statute, the second
or third 1/8% increment of County gross receipt tax shall provide
each year that the tax is in effect not less than $1,000,000 in funds
for each additional increment of the second and third 1/8% gross receipts
tax in monthly increments of not less than $166,666.66 monthly for
a grand total of $2,000,000 for Indigent Hospital and County Health
Care Fund 470; and the balance derived from the second or third 1/8%
increment of County gross receipts tax shall go into the County Health
Care Services Fund 478.
[1]
Editor's Note: This ordinance provided that
it shall take effect 7-1-1996.
The effective date of the amended County gross
receipts tax shall be January 1, 1994.
