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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
Attachments: 1. O-75.pdf, 2. O-75att.pdf, 3. O-75att2.pdf, 4. O-75fs.pdf, 5. O-75fsatt.pdf, 6. O-75fsfinal.pdf
Date Action ByActionResultAction Details
11/24/2009 City Clerk Published  Action details
11/24/2009 Mayor Signed by the Mayor  Action details
11/20/2009 City Council Sent to Mayor for Signature  Action details
11/16/2009 City Council Do Pass as Substituted, as AmendedPass Action details
11/16/2009 City Council AmendedPass Action details
11/16/2009 City Council SubstitutedPass Action details
10/19/2009 City Council PostponePass Action details
8/17/2009 City Council PostponePass Action details
6/22/2009 Special City Council PostponePass Action details
6/15/2009 City Council Postpone  Action details
6/1/2009 City Council PostponePass Action details
5/18/2009 City Council Accepted Without Recommendation  Action details
5/11/2009 Finance & Government Operations Committee Sent to Council Without RecommendationPass Action details
4/20/2009 City Council Introduced and Referred  Action details
4/20/2009 President Referred  Action details
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...

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