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)