us-nm/stat
NMSA 1978, § 7-19D-3 — Effective date of ordinance
A.
Except as provided in Subsection B of this section, an ordinance imposing,
amending or repealing a tax or an increment of tax authorized by the Municipal Local
Option Gross Receipts and Compensating Taxes Act shall be effective on the first July
1 after the expiration of at least three months from the date the adopted ordinance is
mailed or delivered to the department.
B.
If the governor declares a state of emergency, or if there is an unforeseen
occurrence that would cause a municipality's reserves to drop below the amount
required by the local government division of the department of finance and
administration, as certified by the division, an ordinance imposing a tax or an increment
of a tax may become effective on the first January 1 after the expiration of at least three
months after such a declaration or event and notification to the department.
C.
The ordinance imposing, amending or repealing a tax or an increment of tax shall
include the effective date.
Source: official text