(A) There is imposed on any person engaging in business in the County of Valencia for the privilege of engaging in the business in this county an excise tax equal to 1/8 of 1% of the tax 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 is now exists or as it may amended.
(B) The tax imposed under this subchapter is pursuant to the County Environmental Services Gross Receipts Tax, as it now exists or as it may be amended, and shall be known as the Valencia County environmental services receipt tax.
(Ord. 91-04, passed 9-30-1991) Penalty, see § 10.99