City of Albuquerque - File #: O-09-75

• File #: O-09-75
• Type: Ordinance
• Status: Enacted and Published
• File created: 4/20/2009
• In control: City Council
• Final action: 11/16/2009
• Enactment date: 11/24/2009
• Enactment #: O-2009-030
• Title: F/S Imposing An Excise Tax Equal To One-Fourth of One Percent of Gross Receipts; Dedicating Revenues Received From The Tax For Transportation Infrastructure Improvements (Sanchez, Benton)
• Sponsors: Ken Sanchez, Isaac Benton

Date	Action By	Action	Result
11/24/2009	City Clerk	Published
11/24/2009	Mayor	Signed by the Mayor
11/20/2009	City Council	Sent to Mayor for Signature
11/16/2009	City Council	Do Pass as Substituted, as Amended	Pass
11/16/2009	City Council	Amended	Pass
11/16/2009	City Council	Substituted	Pass
10/19/2009	City Council	Postpone	Pass
8/17/2009	City Council	Postpone	Pass
6/22/2009	Special City Council	Postpone	Pass
6/15/2009	City Council	Postpone
6/1/2009	City Council	Postpone	Pass
5/18/2009	City Council	Accepted Without Recommendation
5/11/2009	Finance & Government Operations Committee	Sent to Council Without Recommendation	Pass
4/20/2009	City Council	Introduced and Referred
4/20/2009	President	Referred

CITY of ALBUQUERQUE
EIGHTEENTH COUNCIL


COUNCIL BILL NO. F/S O-09-75 ENACTMENT NO. ________________________

SPONSORED BY: Isaac Benton & Ken Sanchez

ORDINANCE
t
F/S Imposing An Excise Tax Equal To One-Fourth of One Percent of Gross Receipts; Dedicating Revenues Received From The Tax For Transportation Infrastructure Improvements (Sanchez, Benton)
b
IMPOSING AN EXCISE TAX EQUAL TO ONE-FOURTH OF ONE PERCENT OF GROSS RECEIPTS; DEDICATING REVENUES RECEIVED FROM THE TAX FOR TRANSPORTATION INFRASTRUCTURE IMPROVEMENTS.
BE IT ORDAINED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
Section 1. NAME. The municipal gross receipts tax imposed by this ordinance shall be popularly known as the “Transportation Infrastructure Tax.”
Section 2. 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-fourth of one percent of the gross receipts reported or required to be reported by such person pursuant to the New Mexico Gross Receipts and Compensating Tax Act, Chapter 7, Article 9, NMSA 1978, as it now exists or as it may be amended. The tax imposed by this ordinance is pursuant to the Municipal Local Option Gross Receipts Tax Act, Section 7-19D-9 NMSA 1978, as it now exists or as it may be amended, and shall be known as the “municipal gross receipts tax.”
Section 3. 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 4. SPECIFIC EXEMPTIONS. The municipal gross receipts tax shall not 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; or
(B) A bu...