[Adopted 3-23-1993 by Ord. No. 112-93]
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 1/16 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 as it now exists or as it may be
amended.[1] The tax imposed under this article is pursuant to the
County Health Care Gross Receipts Tax Act as it now exists or as it
may be amended[2] and shall be known as the "County health care 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 health care gross receipts tax shall
be imposed on the gross receipts arising from:
A.
The transmission of messages by wire or other means
from the 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 health care gross receipts
tax shall be dedicated to the County-Supported Medicaid Fund.
The effective date of the County health care
gross receipts tax shall be July 1, 1993.
