Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 20E - County Local Option Gross Receipts Taxes, 7-20E-1 through 7-20E-27. > Section 7-20E-10 - County gross receipts tax; referendum requirements.

Section 7-20E-10 - County gross receipts tax; referendum requirements.

7-20E-10. County gross receipts tax; referendum requirements.

A.     An ordinance enacting the first or third one-eighth increment or the one-sixteenth increment of county gross receipts tax pursuant to Section 7-20E-9 NMSA 1978 shall be subject to optional referendum selection by the governing body, pursuant to Subsection A of Section 7-20E-3 NMSA 1978.

B.     Imposition by any county of the second one-eighth increment of county gross receipts tax shall not be subject to a referendum of any kind unless prescribed by the county charter or the governing body of the county.