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The links below describe the 1/4 cent gross receipts tax imposition and the associated revenue stream:
EXPECTED TOTAL REVENUE = $280 MILLION
Raises $24 million in calendar year 2000 and the revenue stream is expected to grow at 3% per year for the life of the imposition.
10 YEAR IMPOSITION
Effective: January 1, 2000
Sunset: December 31, 2009
COST TO THE AVERAGE ALBUQUERQUE FAMILY = $65 PER YEAR
or, one cent for every $4 spent on taxable goods and services purchased in Albuquerque by Albuquerque residents or visiting shoppers.