An ordinance imposing, amending or repealing a tax or an increment of tax authorized by the Municipal Local Option Gross Receipts Taxes Act shall be effective on July 1 or January 1, whichever date occurs first after the expiration of at least three months from the date the adopted ordinance is mailed or delivered to the department. The ordinance shall include that effective date. History: 1978 Comp., § 7-19D-3, enacted by Laws 1993, ch. 346, § 3. ANNOTATIONSEffective dates. — Laws 1993, ch. 346, § 13 made Laws 1993, ch. 346, § 3 effective July 1, 1993.
New Mexico Legal Code