Section 7-24B-4 - Special county hospital gasoline tax; authorization; imposition; rate. - New Mexico Statutes

7-24B-4. Special county hospital gasoline tax; authorization; imposition; rate.

A.     The majority of the members of the governing body of a county may adopt an ordinance imposing a tax of up to two cents ($.02) a gallon on all gasoline sold at retail in the county and upon which gasoline taxes are imposed in accordance with the Gasoline Tax Act [7-13-1 NMSA 1978].  The tax imposed by this section is to be referred to as the "special county hospital gasoline tax" and is in addition to the tax imposed in the Gasoline Tax Act.   

B.     The special county hospital gasoline tax may be imposed by the governing body of a county regardless of whether the county has imposed a tax on gasoline pursuant to the County and Municipal Gasoline Tax Act [7-24A-1 NMSA 1978].   

C.     The special county hospital gasoline tax may be imposed in increments of one cent ($.01) per gallon up to a maximum of two cents ($.02) per gallon.  The amount of the tax and the specific purposes for which the proceeds shall be used shall be stated in the ordinance adopted by the governing body of the county.   

D.     The special county hospital gasoline tax shall be imposed for a period of not more than five years from the effective date of the ordinance imposing the tax.  This authorization may be extended for additional five-year periods provided all requirements for enactment of the first ordinance are met.