(A) Imposition of tax. There is imposed on any person engaging in business in this municipality for the privilege of engaging in business in the municipality 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 being NMSA §§ 7-9-1 et seq., as it now exists or as it may be amended. The tax imposed under this ordinance is pursuant to the Municipal Local Option Gross Receipts Taxes Act being NMSA §§ 7-9-1 to 7-9-113, as it now exists or as it may be amended and shall be known as the “municipal quality of life gross receipts tax”.
(B) General provisions. This section 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.
(C) Specific exemptions. No municipal quality of life gross receipts tax shall be imposed on the gross receipts arising from:
(1) Transporting persons or property for hire by railroad, motor vehicle, air transportation or any other means from 1 point within the municipality to another point outside the municipality;
(2) A business located outside the boundaries of a municipality on land owned by that municipality for which a state gross receipts tax distribution is made pursuant to Subsection C of NMSA § 7-1-6.4; or
(3) Direct broadcast satellite services.
(D) Dedication. Revenue from the municipal quality of life gross receipts tax must be dedicated io cultural programs and activities provided by a local government and to cultural programs, events, and activities provided by contract or operating agreement with nonprofit or publicly owned cultural organizations and institutions.
(E) Effective date. The effective date of the municipal quality of life gross receipts 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 the ordinance’s adoption and the adopted ordinance is delivered or mailed to the Taxation and Revenue Department.
(Ord. 655, passed 12-13-2006)