NMSA 1978 Chapter 7 — Taxation
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.
Amendment history
1978 Comp., § 7-19D-3, enacted by Laws 1993, ch. 346, § 3; 2025, ch. 130, § 106.
Source: official source (NMSA chapter on nmonesource.com)
In this article (20 sections)
- 7-19D-1 · Short title
- 7-19D-2 · Definitions
- 7-19D-3 · Effective date of ordinance
- 7-19D-4 · 7-19D-4
- 7-19D-5 · Specific exemptions
- 7-19D-6 · Copy of ordinance to be submitted to department
- 7-19D-7 · Collection by department
- 7-19D-8 · 7-19D-8
- 7-19D-9 · Municipal gross receipts tax; authority to impose rate
- 7-19D-9.1 · Municipal compensating tax
- 7-19D-10 · Repealed
- 7-19D-11 · Repealed
- 7-19D-12 · Repealed
- 7-19D-13 · Repealed
- 7-19D-14 · 7-19D-14
- 7-19D-15 · 7-19D-15
- 7-19D-16 · Municipal higher education facilities gross receipts tax
- 7-19D-17 · 7-19D-17
- 7-19D-18 · Repealed
- 7-19D-19 · Municipal flood recovery gross receipts tax