(A) There is imposed on any person engaging in business in the area of Valencia County, for the privilege of engaging in business in Valencia County, an excise tax equal to 1/4 of 1% 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 the same may be amended from time to time.
(B) The tax imposed under this subchapter is pursuant to the County Fire Protection Excise Tax Act, as amended in 2004, and as the same may be amended from time to time, and shall be known as the county fire protection excise tax.
(Ord. 84-2, passed 1-27-1984; Am. Ord. 89-02, passed 4-17-1989; Am. Ord. 94-01, passed 9-19-1994, Am. Ord. 2004-01, passed 6-14-2004) Penalty, see § 10.99