HJC/HB 1032
Page 1
AN ACT
RELATING TO SPECIAL DISTRICTS; CREATING A WATER AND SANITATION
GROSS RECEIPTS TAX; ENACTING SECTIONS OF THE NMSA 1978.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:
Section 1. A new section of the County Local Option
Gross Receipts Taxes Act is enacted to read:
"WATER AND SANITATION GROSS RECEIPTS TAX--AUTHORITY TO
IMPOSE--RATE--ELECTION--USE OF REVENUE.--
A. An excise tax imposed by a governing body
pursuant to this section may be referred to as the "water and
sanitation gross receipts tax". The water and sanitation
gross receipts tax shall be imposed by a governing body as set
forth in this section, contingent upon a majority of the
voters voting in an election on the question of whether to
impose a water and sanitation gross receipts tax voting in
favor of the imposition.
B. Upon receipt of a resolution adopted and
submitted by the board of directors of a water and sanitation
district that requests the governing body to impose a water
and sanitation gross receipts tax on behalf of the water and
sanitation district, a governing body shall enact an ordinance
imposing a water and sanitation gross receipts tax in that
water and sanitation district. The ordinance shall impose the
tax at a rate of one-fourth percent on a person engaging in