Pursuant to the Municipal Gross Receipts Tax Act (NMSA §§ 7-19-10 to 7-19-18) which authorized municipalities to enact a municipal gross receipts tax, it is hereby declared the purpose and intent of the governing body of the Town of Clayton to enact an ordinance imposing a gross receipts tax of 0.25% in compliance with the Municipal Gross Receipts Tax Act. It is further declared the purpose and intent of this subchapter to conform to the definitions and applicable gross receipts tax provisions of the New Mexico Gross Receipts and Compensating Tax Act being NMSA §§ 7-9-1 et seq., and any interpretation of this subchapter should be in conformity with the applicable sections of the Gross Receipts and Compensating Tax Act.
(Ord. 499, passed 5-3-1976; Am. Ord. 502, passed 8-9-1976; Am. Ord. 512, passed 8-28-1978)