HARMLESS GROSS RECEIPTS TAX

§ 32.120 IMPOSITION OF TAX.

   There is imposed on any person engaging in business in the county, for the privilege of engaging in business in this county an excise tax equal to 3/8 of 1% (.375%) 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 subchapter is pursuant to the County Local Option Gross Receipts Taxes Act as it now exists or as it may be amended and shall be known as the "county hold harmless gross receipts tax."

(Ord. 2014-05, passed 7-16-2014)

§ 32.121 GENERAL PROVISIONS.

   This chapter 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 maybe amended.

(Ord. 2014-05, passed 7-16-2014)

§ 32.122 SPECIFIC EXEMPTIONS.

   No county hold harmless gross receipts tax shall be imposed on the gross receipts arising from:

   (A)   Transporting persons or property for hire by railroad, motor vehicle, air transportation or any other means from one point within the county to another point outside the county; and/or

   (B)   Direct broadcast satellite services.

(Ord. 2014-05, passed 7-16-2014)

§ 32.123 DEDICATION.

   Revenue from the county hold harmless gross receipts tax will be used for the following purpose(s): all statutorily permitted uses.

(Ord. 2014-05, passed 7-16-2014)

§ 32.124 EFFECTIVE DATE.

   The effective date of the county hold harmless gross receipts tax shall be either January 1 or July l, whichever date occurs first after the expiration of 3 months from the date this chapter is adopted.

(Ord. 2014-05, passed 7-16-2014)