A. A county shall, by ordinance to be effective July 1, 2014, dedicate to the safety net care pool fund an amount equal to a gross receipts tax rate of one-twelfth percent applied to the taxable gross receipts reported during the prior fiscal year by persons engaging in business in the county. For purposes of this subsection, a county may use public funds from any existing authorized revenue source of the county.
B. A county enacting an ordinance pursuant to Subsection A of this section shall transfer to the safety net care pool fund by the last day of March, June, September and December of each year an amount equal to one-fourth of the county's payment to the safety net care pool fund.
History: Laws 2014, ch. 79, § 16.
ANNOTATIONSEmergency clauses. — Laws 2014, ch. 79, § 23, contained an emergency clause and was approved March 12, 2014.
Compiler's notes. — The governor partially vetoed Laws 2014, ch. 79, § 16. In the first sentence of Subsection A, after "July 1, 2014", the governor vetoed "through June 30, 2017".
To view the chaptered bill in its entirety, see the 2014 session laws on NMOneSource.com.