Spreadsheet: 0adcdda9-1b09-4595-9810-4c26cfaed4ae
Sheet: Sheet1

NEW MEXICO GROSS RECEIPTS TAX RATE | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5 | Unnamed: 6 | Unnamed: 7
 |  | N.M.G.R.T. |  |  | MUNICIPAL G.R.T. |  | Total
 |  | To Rio Rancho | To State | Total | Sandoval County | Rio Rancho | G.R. Tax
1982-07-01 00:00:00 | (1) | 0.0135 | 0.0215 | 0.035 |  | 0.005 | 0.04
1983-07-01 00:00:00 | (2) | 0.0135 | 0.024 | 0.0375 |  | 0.0075 | 0.045
1984-07-01 00:00:00 |  | 0.0135 | 0.024 | 0.0375 | 0.00125 | 0.0075 | 4.625%
1985-07-01 00:00:00 | (3) | 0.0135 | 0.024 | 0.0375 | 0.00125 | 0.01 | 4.875%
1985-07-01 00:00:00 | (3) | 0.0135 | 0.024 | 0.0375 | 0.00125 | 0.015 | 5.375%
1990-07-01 00:00:00 | (4) | 0.0135 | 0.0315 | 0.045 | 0.00125 | 0.015 | 6.125%
1991-01-01 00:00:00 | (5) | 0.0135 | 0.0315 | 0.045 | 0.0025 | 0.015 | 0.0625
1991-07-01 00:00:00 | (3) | 0.0135 | 0.0315 | 0.045 | 0.0025 | 0.0125 | 0.06
1992-01-01 00:00:00 | (6) | 0.0135 | 0.0315 | 0.045 | 0.0025 | 1.4375% | 6.1875%
1992-08-01 00:00:00 | (7) | 0.01225 | 0.03275 | 0.045 | 0.0025 | 1.4375% | 6.1875%
2005-01-01 00:00:00 | (8) | 0.01225 | 0.03775 | 0.05 | 0.0025 | 1.4375% | 6.6875%
2008-07-01 00:00:00 | (9) | 0.01225 | 0.03775 | 0.05 | 0.0025 | 0.016875 | 0.069375
2009-07-01 00:00:00 | (10) | 0.01225 | 0.03775 | 0.05 | 0.00375 | 0.016875 | 0.07062500000000001
2010-07-01 00:00:00 | (11) | 0.01225 | 0.039 | 0.05125 | 0.00375 | 0.016875 | 0.07187500000000001
2011-01-01 00:00:00 | (12) | 0.01225 | 0.039 | 0.05125 | 0.00375 | 0.019375 | 0.07437500000000001
Note: Rio Rancho incorporated as a City on September 6, 1980, but it was not "officially" incorporated for tax distribution purposes until March, 1981.  On 7/1/81 the State of New Mexico lowered the state-wide gross receipts tax rate from 3.75% to 3.50%. This allowed municipalities to add 3/4% of 1% additional 1/4% increments. This 3/4% of 1% additional is known as the "Municipal Gross Receipts Tax.".
(1) | City of Rio Rancho enacted two 1/4% increments (i.e. 1/2 of 1%) on July 1, 1982.
(2) | Effective July 1, 1982, the N.M. Gross Receipts Tax was increased 3.75% from 3.5%. The City imposed an increment of 1/4% on July 1, 1983. Receipts of additional 1/4% commenced approximately September 10, 1983.
(3) | Allowable municipal rate increased to 1 1/4%, and a Special Municipal Gross Receipts Tax was authorized. The Special Municipal Gross Receipts Tax now deemed to be an imposition of a Municipal Gross Receipts Tax by Section 7-19A-3 (G) NMSA 1978. The authority to impose the Special Municipal Gross Receipts Tax of 1/4% expired on 6-30-91, except for municipalities who have issued bonds secured by such tax, which Rio Rancho had not done.
(4) | The State rate was increased to 4.5% to fund salary increases for teachers and to fund environment issues.
(5) | The County increased its rate by .125% for the Indigent Fund.
(6) | The City of Rio Rancho increased its rate by 3/16%: 1/16% for environmental, and 2/16% for infrastructure.
(7) | The State reduced the amount to cities from the N.M. Gross Receipts Tax by 1/8% effective August 1, 1992.
(8) | The State removed the tax on certain food items and medical services, and removed the .50% credit to municipalities.
(9) | The City of Rio Rancho increased its rate by 1/4% for acquisition, construction, renovation or improvement of facilities of higher public education.
(10) | Sandoval County joined with voters from Bernalillo and [NAME] counties in approving a 1/8 of a cent GRT increase to help fund the Rail Runner Express and bus transit services in the area.
(11) | The State increase 1/4% to help close the state's budget deficit
(12) | The City of Rio Rancho increased its rate by 1/4%.