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THE VILLAGE OF
TAOS SKI VALLEY
ORDINANCE NO. 08‑46
ADOPTING A
MUNICIPAL GROSS RECEIPTS TAX
BE
IT ORDAINED BY THE GOVERNING BODY OF THE VILLAGE OF TAOS SKI VALLEY, NEW
MEXICO:
SECTION
1. 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‑quarter percent (0.25%) 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 ordinance 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 gross receipts tax."
SECTION
2. GENERAL PROVISIONS.
This
ordinance 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.
SECTION
3. DEDICATION.
Revenue
from the municipal gross receipts tax will be used for the General Fund.
SECTION
4. EFFECTIVE DATE.
The
effective date of the municipal gross receipts tax shall be January 1, 2008,
unless an election is held pursuant to Section 7‑19D‑9(D) NMSA 1978
on the question of approving the ordinance, in which case the effective date
shall be either July 1 or January 1, whichever date occurs first after the
expiration of three months from the date when the results of the election are
certified to be in favor of the ordinance's adoption and the adopted ordinance
is delivered or mailed to the Taxation and Revenue Department.
PASSED,
APPROVED AND ADOPTED this _______ day of _________________, 2007.
Vote:
For
Against
______________________________
Mayor
ATTEST:
_______________________________________
Village Clerk