Chapter 3.10
INFRASTRUCTURE GROSS RECEIPTS TAX
Sections:
* Prior legislation: Ord. 169.
3.10.010 Imposition of tax.
There is imposed on any person engaging in business in this municipality 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 chapter is pursuant to the Municipal Local Option Gross Receipts Taxes Act as it now exists or as it may be amended and shall be known as the municipal infrastructure gross receipts tax. [Ord. 258 § 1, 2012; Ord. 186 § 1, 1995].
3.10.020 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 may be amended. [Ord. 258 § 2, 2012; Ord. 186 § 2, 1995].
3.10.030 Specific exemptions.
No municipal infrastructure 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 municipality to another point outside the municipality;
B. A business located outside the boundaries of a municipality on land owned by that municipality for which a state gross receipts tax distribution is made pursuant to Section 7-1-6.4(C) NMSA 1978; or
C. Direct broadcast satellite services. [Ord. 258 § 3, 2012; Ord. 186 § 3, 1995].
3.10.040 Dedication.
Revenue from the municipal infrastructure gross receipts tax will be used for the purpose(s) listed below:
A. Dedicated for municipal infrastructure purposes. [Ord. 258 § 4, 2012; Ord. 186 § 4, 1995].