§ 36-71. Imposition.

There is imposed on any person engaging in business in the county, for the privilege of engaging in business in this county, an additional excise tax equal to one-fourth of one percent of the gross receipts reported or required to be reported by the person pursuant to the state Gross Receipts and Compensating Tax Act, NMSA 1978, § 7-9-1 et seq. The tax imposed under this article is pursuant to the Municipal Gross Receipts Tax Act as it now exists or is amended and shall be known as the municipal gross receipts tax. (One-half of one percent imposed by Ord. No. 85-08, § 1, 1985; one-half of one percent imposed by Ord. No. 311, § 1, 1983; and one-fourth of one percent imposed by Ord. No. 85-142, § 1, 1991).

(Ord. No. 311, § 1, 1983; Ord. No. 85-08, § 1, 1985; Ord. No. 85-61, § 2, 1987; Ord. No. 85-142, § 1, 1991; Code 1985, § 4.08.010)