[Adopted 7-22-1991 by Ord. No. 91-06]
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 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 1/8% increment imposed under this article is the third
1/8% increment authorized, pursuant to the County Gross Receipts Tax
Act as it now exists or as it may be amended and shall be known as
the "County gross receipts tax."
[1]
Editor's Note: See NMSA 1978, § 7-9-1 et seq.
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 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 5-9-2019 by Ord.
No. 19-04]
Revenue from this 0.00125% increment of the County local option
gross receipts tax will be used for the purpose(s) listed below:
A.
For general purposes or for the payment of gross receipts tax bonds
in connection with County government services.
The effective date of this increment of the County gross receipts
tax shall be January 1, 1992, providing that this increment of the
County gross receipts tax is approved by a simple majority of the
registered voters of the County voting on the question of the imposition
of this third increment of the 1/8% gross receipts tax at an election
to be called and held within 60 days after the date this article is
adopted.
