A. Imposition Of Tax: There is imposed on any person engaging in business in the City for the privilege of engaging in business in the City an excise tax equal to one-sixteenth of one percent (1/16%) of the gross receipts reported or required to be reported by the person pursuant to the New Mexico Gross Receipts and Compensating Tax Act 1 as it now exists or as it may be amended. The tax imposed under this Section is pursuant to the Municipal Environmental Services Gross Receipts Tax Act as it now exists or as it may be amended and shall be known as the "Municipal environmental services 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 environmental services 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 City to another point outside the City;
2. Transporting persons or property for hire by railroad, motor vehicle, air transportation or any other means from one point within the City to another point outside the City; or (Ord. 1991-02, 1-16-1991)
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 New Mexico Statutes Annotated subsection A(3) of section 7-1-6.4.
D. Dedication: Revenue from the Municipal environmental services gross receipts tax will be used for the purposes listed below:
For the acquisition, construction, operation and maintenance of solid waste facilities, water facilities, wastewater facilities, sewer systems and related facilities.
E. Effective Date: The effective date of the Municipal environmental services gross receipts tax shall be July 1, 1991, unless an election is held pursuant to New Mexico Statutes Annotated section 7-19-12 on the question of disapproving this Section, in which case the effective date shall be either July 1 or January 1, whichever date occurs first after the expiration of three (3) months from the date when the results of the election are certified to be in favor of this Section's adoption. (Ord. 1991-02, 1-16-1991; amd. 2000 Code)
Notes
| 1 | 1 NMSA § 7-9-1 et seq. |