[Adopted 8-18-2009 by Ord. No. 245-09]
There is imposed on any person engaging in business in the County area outside of the boundaries of any incorporated municipality, for the privilege of engaging in business in the County area, 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 fire protection excise 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.
No County fire protection excise tax shall be imposed on the gross receipts arising from:
Revenue from the County fire protection excise tax will be used for the purpose of financing the operational expenses, ambulance services or capital outlay costs of independent fire districts or ambulance services provided by the County.
The effective date of the County fire protection excise tax shall be either January 1 or July 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 this article's adoption and the adopted ordinance is delivered or mailed to the Taxation and Revenue Department.