NOTICE OF PUBLIC HEARING ON AND GENERAL SUMMARY OF A SFC ORDINANCE TITLED “AN ORDINANCE ADOPTING A 1/16 COUNTY GROSS RECEIPTS

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May 30, 2017

NOTICE OF PUBLIC HEARING ON AND GENERAL SUMMARY OF A SANTA FE COUNTY ORDINANCE TITLED “AN ORDINANCE ADOPTING A COUNTY GROSS RECEIPTS TAX”

Notice is hereby given that the Board of County Commissioners (BCC) of Santa Fe County (County) will hold a public hearing on the above-titled ordinance in the BCC’s Chambers located at 102 Grant Avenue Santa Fe NM 87501 at or after 5:00 p.m. on May 30, 2017.

General Summary of Proposed Ordinance. The proposed ordinance would impose on any person engaging in business in Santa Fe County, for the privilege of engaging in business in Santa Fe County, an excise tax equal to one-sixteenth of one percent (.0625%) of the gross receipts reported or required to be reported by the person pursuant to the New Mexico Gross Receipts and Compensating Tax Act as it now exists or as it may be amended. If enacted, this tax would be known as the additional one-sixteenth of the county gross receipts tax. The proposed ordinance would adopt by reference all definitions, exemptions and deductions contained in the Gross Receipts and Compensating Tax Act as it now exists or as it may be amended. The proposed ordinance would dedicate revenue from the additional one-sixteenth of the county gross receipts tax for county general purposes and the payment of the principal, interest on, and other costs, including costs of issuance, related to revenue bonds issued for any purpose. If the proposed ordinance is adopted, the effective date of the additional one-sixteenth of the county gross receipts tax would be either January 1 or July 1, whichever date occurs first after the expiration of three months from the date the ordinance is adopted.

Public Hearing. All interested parties will be heard at the public hearing prior to the BCC taking action. Written comments, questions, and objections regarding the proposed ordinance may also be submitted to the Santa Fe County Attorney’s Office, addressed to P.O. Box 276 Santa Fe NM 87504-0276, or presented in person at the hearing. Written comments submitted in advance of the hearing must be received in the Santa Fe County Attorney’s Office before May 23, 2017, to be considered.

Possible BCC Action on May 30, 2017. After the public hearing on May 30, 2017, the BCC may adopt the proposed ordinance, with or without changes, vote not to adopt the proposed ordinance, recess the public meeting in accordance with the Open Meetings Act, or postpone the public hearing or consideration of the proposed ordinance until a future meeting of the BCC. Further newspaper publication of a recessed meeting or postponed hearing or action is not legally required. Interested parties not in attendance at or watching the May 30, 2017, public hearing where recessing or postponement might be announced should thus inquire of the County as to whether the BCC took action to recess or postpone.

Copies of the Proposed Ordinance. Copies of the proposed ordinance are available for inspection and copying in the Santa Fe County Clerk’s Office, located at 102 Grant Avenue Santa Fe NM 87501.