Section 7-1-48 – Documents of title.
In case property is sold as above provided, the department, after payment for the property is received, shall prepare and deliver to the purchaser thereof a certificate of sale, in the case of personalty, or, in the case of realty, a deed, in a form as the secretary shall by regulation prescribe. Such documents of […]
Section 7-1-49 – Legal effect of certificate of sale.
In all cases of sale of property other than real property, the certificate of sale provided for in Section 7-1-48 NMSA 1978 shall: A. be prima facie evidence of the right of the department to make the sale and conclusive evidence of the regularity of the proceedings in making the sale; B. transfer to the […]
Section 7-1-50 – Legal effect of deed to real property.
In the case of the sale of real property: A. the deed of sale given pursuant to Section 7-1-48 NMSA 1978 shall be prima facie evidence of the facts therein stated; B. if the proceedings have been substantially in accordance with the provisions of law, the deed shall be considered and operate as a conveyance […]
Section 7-1-51 – Proceeds of levy and sale.
A. Money realized by levy or sale under provision of the Tax Administration Act shall be first applied against the expenses of the proceedings; B. The amount, if any, remaining shall then be applied to the liability for tax in respect of which the levy was made; and C. The balance, if any, remaining shall […]
Section 7-1-52 – Release of levy.
It shall be lawful for the secretary or the secretary’s delegate, under regulations prescribed by the secretary, to release the levy upon all or part of the property or rights to property levied upon if the secretary or the secretary’s delegate determines that such action will facilitate the collection of the liability, but the release […]
Section 7-1-37 – Assessment as lien.
A. If any person liable for any tax neglects or refuses to pay the tax after assessment and demand for payment as provided in Section 7-1-17 NMSA 1978 or if any person liable for tax pursuant to Section 7-1-63 NMSA 1978 neglects or refuses to pay after demand has been made, unless and only so […]
Section 7-1-53 – Enjoining delinquent taxpayer from continuing in business.
A. To ensure or to compel payment of taxes and to aid in the enforcement of the provisions of the Tax Administration Act, the secretary may apply to a district court of this state to have any delinquent taxpayer or person who may be or may become liable for payment of any tax enjoined from […]
Section 7-1-38 – Notice of lien.
A notice of the lien provided for in Section 7-1-37 NMSA 1978 may be recorded in any county in the state in the tax lien index established by Sections 48-1-1 through 48-1-7 NMSA 1978 and a copy thereof shall be sent to the taxpayer affected. Any county clerk to whom the notices are presented shall […]
Section 7-1-54 – Security for payment of tax.
A. Whenever it is necessary to ensure payment of any tax due or reasonably expected to become due, the department is authorized to require or allow any person subject to the provisions of the Tax Administration Act to furnish an acceptable surety bond in an appropriate amount, payable to the state and conditioned upon the […]
Section 7-1-39 – Release or extinguishment of lien; limitation on actions to enforce lien.
A. When any substantial part of the amount of tax due from a taxpayer is paid, the department shall immediately file, in the same county in which a notice of lien was filed, and in the same records, a document completely or partially releasing the lien. The county clerk to whom such a document is […]