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Current as of January 01, 2024 | Updated by FindLaw Staff
Unless otherwise provided by law, no municipality may impose:
A. an income tax;
B. a tax on property measured on an ad valorem, per unit or other basis; or
C. any excise tax including but not limited to:
(1) sales taxes;
(2) gross receipts; and
(3) excise taxes on any incident relating to:
(a) tobacco;
(b) liquor;
(c) motor fuels; and
(d) motor vehicles.
D. However, any municipality may impose excise taxes of the sales, gross receipts or any other type on specific products and services, other than those enumerated in Paragraph (3) of Subsection C of this section, if the products and services taxed are each named specifically in the ordinance imposing the tax on them and if the ordinance is approved by a majority vote in the municipality.
E. Subsections C and D of this section shall not be construed to apply to or otherwise affect any occupation tax imposed prior to or after the effective date of this act under Sections 3-38-1 through 3-38-12 NMSA 1978, as those sections may be amended from time to time; provided, the provisions of this subsection shall not apply to the sale of motor vehicles.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 3. Municipalities § 3-18-2. Prohibition on municipal taxing power - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-3-municipalities/nm-st-sect-3-18-2/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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