5.04.040 Registration-Renewal.

   Prior to March 16th of each year, any person with a place of business in Lovington and subject to this chapter shall apply for a renewal of business registration with the municipal clerk. (Ord. 308 (part), 1981: prior code § 19-1-3)

5.04.045 Gross receipts tax.

   A.   There is imposed on any person engaging in the business in the city for the privilege of engaging in business in this municipality an excise tax equal to one-eighth of one percent 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. The tax imposed under this section is pursuant to the Municipal Infrastructure Gross Receipts Tax Act as it now exists or as it may be amended and shall be known as the "municipal infrastructure 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 infrastructure gross receipts tax shall be imposed on the gross receipts arising from:

      1.   The transmission of messages by wire or other means from one point within the municipality to another point outside the municipality;

      2.   Transporting persons or property for hire by railroad, motor vehicle, air transportation or any other means from one point within the municipality to another point outside the municipality; or

      3.   A business located outside the boundaries of a municipality on land owned by that municipality for which a gross receipts tax distribution is made pursuant to subsection C of Section 7-1-6.4 NMSA 1978.

   D.   Dedication. Revenue from the municipal infrastructure gross receipts tax will be used for the following purpose(s) general fund use. (Ord. 366 §§ 1-4, 1992)

5.04.050 License-Imposition of fee.

   The licensing or regulation of a business not otherwise exempt by law is conducive to the promotion of health and general welfare of the community and there is imposed a license fee. The license fee shall bear a reasonable relation to the regulation of the business. (Ord. 308 (part), 1981: prior code § 19-1-5)

5.04.060 License fee-Prorating.

   A license fee may be prorated for the remainder of the calendar year in which a business is to be operated. (Ord. 308 (part), 1981: prior code § 19-1-6*)

*   Editor's Note: Ordinance 308 added two sections numbered 19-1-6.

5.04.070 Application for license or registration-Contents.

   A.   Any person filing an application for licenses authorized in this chapter or for business registration shall provide that information required on the appropriate applications as provided by the municipal clerk.

   B.   The city shall not issue a license to, or accept a business application from, any person who does not furnish to the municipality the information required. (Ord. 308 (part), 1981: prior code § 19-1-7)