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File #: O-14-14   
Type: Ordinance Status: Sustained
File created: 4/21/2014 In control: City Council
Final action: 9/3/2014
Enactment date: Enactment #:
Title: F/S Imposing An Excise Tax Equal To One-Eighth Of One Percent (0.125%) Of Gross Receipts To Be Used For The Purpose Of Funding Essential Services (Pe?a, Sanchez)
Attachments: 1. O-14, 2. O-14 Approved Floor Substitute, 3. O-14fsfinal
Date Action ByActionResultAction Details
9/3/2014 City Council Sustained  Action details
8/29/2014 Mayor Vetoed  Action details
8/22/2014 City Council Sent to Mayor for Signature  Action details
8/18/2014 City Council Passed as SubstitutedPass Action details
8/18/2014 City Council SubstitutedPass Action details
8/4/2014 City Council PostponedPass Action details
6/9/2014 City Council PostponedPass Action details
6/9/2014   Postponed  Action details
5/19/2014 City Council PostponedPass Action details
5/5/2014 City Council Accepted Without Recommendation  Action details
4/28/2014 Finance & Government Operations Committee Sent to Council Without RecommendationPass Action details
4/21/2014 City Council Introduced and Referred  Action details
4/21/2014 President Referred  Action details
CITY of ALBUQUERQUE
TWENTY-FIRST COUNCIL


COUNCIL BILL NO. F/S O-14-14 ENACTMENT NO. ________________________

SPONSORED BY: Klarissa Pe?a and Ken Sanchez


ORDINANCE
title
F/S Imposing An Excise Tax Equal To One-Eighth Of One Percent (0.125%) Of Gross Receipts To Be Used For The Purpose Of Funding Essential Services (Pe?a, Sanchez)
body
IMPOSING AN EXCISE TAX EQUAL TO ONE-EIGHTH OF ONE PERCENT (0.125%) OF GROSS RECEIPTS TO BE USED FOR THE PURPOSE OF FUNDING ESSENTIAL SERVICES.
BE IT ORDAINED BY THE COUNCIL, THE GOVERNING BODY OF THE CITY OF ALBUQUERQUE:
Section 1. NAME. The municipal gross receipts tax shall be known popularly as the "Essential Services 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-eighth of one percent (0.125%) 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 Gross Receipts Tax Act, as it now exists or is 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. No municipal gross receipts tax shall 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 business located outside the boundaries of a municipality on land owned by that municipality for which a state gross receipts tax distribution i...

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