2011 New Mexico Statutes
Chapter 7: Taxation
Article 19: Municipal Gross Receipts Tax, 7-19-1 through 7-19-18
Section 7-19-13: Ordinance must conform to certain provisions of the Gross Receipts and Compensating Tax Act and requirements of the division.
7-19-13. Ordinance must conform to certain provisions of the Gross Receipts and Compensating Tax Act and requirements of the division.
A. Any ordinance imposing a supplemental municipal gross receipts tax shall adopt by reference the same definitions and the same provisions relating to exemptions and deductions as are contained in the Gross Receipts and Compensating Tax Act [7-9-1 NMSA 1978] then in effect and as it may be amended from time to time.
B. The governing body of any municipality imposing or increasing the supplemental municipal gross receipts tax must adopt the language of the model ordinance furnished to the municipality by the division for the portion of the ordinance relating to the tax.
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