{"data":{"id":"us-nm/7-19d-3","jurisdiction":"us-nm","citation":"7-19D-3","heading":"Effective date of ordinance.","body":"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.\nB. 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.\nC. The ordinance imposing, amending or repealing a tax or an increment of tax shall include the effective date.","path":["Chapter 7 - Taxation","ARTICLE 19D Municipal Local Option Gross Receipts and Compensating Taxes"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"7b9a87746dafe6d40cf1640776bff05277ae75632a2df5c9e45c9ce732685979","source_id":"us-nm","stale":false,"prev":"us-nm/7-19d-2","next":"us-nm/7-19d-4"},"notice":"GroundRules: Original legal text. Not legal advice."}