City of Albuquerque - File #: O-14-14

• File #: O-14-14
• Type: Ordinance
• Status: Sustained
• File created: 4/21/2014
• In control: City Council
• Final action: 9/3/2014
• 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)

Date	Action By	Action	Result
9/3/2014	City Council	Sustained
8/29/2014	Mayor	Vetoed
8/22/2014	City Council	Sent to Mayor for Signature
8/18/2014	City Council	Passed as Substituted	Pass
8/18/2014	City Council	Substituted	Pass
8/4/2014	City Council	Postponed	Pass
6/9/2014	City Council	Postponed	Pass
6/9/2014		Postponed
5/19/2014	City Council	Postponed	Pass
5/5/2014	City Council	Accepted Without Recommendation
4/28/2014	Finance & Government Operations Committee	Sent to Council Without Recommendation	Pass
4/21/2014	City Council	Introduced and Referred
4/21/2014	President	Referred

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...