Title
Incorporated County of Los Alamos Ordinance No.747 Adopting a .6125% Municipal Gross Receipts Tax
Recommended Action
I introduce, without prejudice, Incorporated County of Los Alamos Ordinance No. 747 adopting a .6125% Municipal Gross Receipts Tax, Being Effective July 1, 2026 and ask the staff to assure that it is published at least fourteen (14) days before the public hearing.
County Manager's Recommendation
The County Manager recommends that Council introduce Ordinance No. 747 as presented.
Body
After a Gross Receipts Tax (GRT) and Financial Overview presented on September 30, 2025, Council provided the County Manager direction to return to Council with a 5/8ths or .625% GRT increase for introduction on 10/7/25, a public hearing on 10/28/25 to be effective by July 1, 2026. The County has two sources of GRT that can be enacted, Municipal and Countywide. In order to adopt a 5/8th equivalent GRT, the County needs two ordinances, the County needs two ordinances, one from its remaining Municipal Authority (.6125%) and one for Countywide Authority (.0125%). This ordinance will enact the remaining unrestricted, non-referendum, municipal GRT in the amount of .6125%.
This ordinance is intended to be introduced in conjunction with ordinance no. 748 to provide the full 5/8th increment of GRT for adoption, but has to be introduced separately due to the statutory authority to enact from the municipal portion separately.
Fiscal and Staff Impact/Planned Item
If approved by Council, imposition of 5/8ths in GRT increments is expected to generate approximately $17Million annually and will help to replace the recent decline in gross receipts tax revenue which makes up roughly 72% of the County's sources of income. Adoption of the increments provides for a positive long range financial projection over the next 10 years which provides for resilient reserves.
Attachments
A - Ordinance No. 747 Adopting a .6125% Municipal Gross Receipts Tax