§ 110.55 IMPOSITION OF TAX.
   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 0.125% of the gross receipts reported, or required to be reported, by the person pursuant to the New Mexico Gross Receipts and Compensating Tax Act, being NMSA §§ 7-9-1 et seq., as it now exists or as it may be amended. The tax imposed under this subchapter is pursuant to the Municipal Local Option Gross Receipts Taxes Act, being NMSA §§ 7-19D-1 et seq., as it now exists or as it may be amended, and shall be known as the “municipal infrastructure gross receipts tax”.
(Ord. 2013-01, passed 3-6-2013)