- 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 [Chapter 7, Article 9 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 shall adopt the language of the model ordinance furnished to the municipality by the department for the portion of the ordinance relating to the tax.
History: Laws 1979, ch. 397, § 4; 2025, ch. 130, § 103.
ANNOTATIONS
The 2025 amendment, effective July 1, 2025, made certain technical amendments; in the section heading and Subsection B, replaced "must" with "shall", and after "furnished to the municipality by the" deleted "division" and added "department".