Section 7-1-17 – Assessment of tax; presumption of correctness.
A. If the secretary or the secretary’s delegate determines that a taxpayer is liable for taxes in excess of twenty-five dollars ($25.00) that are due and that have not been previously assessed to the taxpayer, the secretary or the secretary’s delegate shall promptly assess the amount thereof to the taxpayer. B. Assessments of tax are […]
Section 7-1-17.1 – Tax liability; spouse or former spouse.
A. If the secretary or the secretary’s delegate determines that, taking into account the facts and circumstances in Subsections F and G of this section, it is inequitable to hold a spouse liable for payment of all or part of any unpaid tax, assessment or other deficiency for a tax, the secretary may decline to […]
Section 7-1-18 – Limitation on assessment by department.
A. Except as otherwise provided in this section, no assessment of tax may be made by the department after three years from the end of the calendar year in which payment of the tax was due, and no proceeding in court for the collection of such tax without the prior assessment thereof shall be begun […]
Section 7-1-19 – Limitation of actions.
No action or proceeding shall be brought to collect taxes administered under the provisions of the Tax Administration Act and due under an assessment or notice of the assessment of taxes after the later of either ten years from the date of such assessment or notice or, with respect to undischarged amounts in a bankruptcy […]
Section 7-1-20 – Compromise of taxes; closing agreements.
A. At any time after the assessment of any tax, if the secretary in good faith is in doubt of the liability for the payment thereof, the secretary may, with the written approval of the attorney general, compromise the asserted liability for taxes by entering with the taxpayer into a written agreement that adequately protects […]
Section 7-1-12.2 – Notice of identification number assigned; operator may request identification number.
The department shall inform each operator of a production unit as to the identification number or symbol assigned to such production unit. Such number or symbol may be changed or revised and information regarding such change or revision shall likewise be given the operator. In the creation of a new production unit or in the […]
Section 7-1-13 – Taxpayer returns; payment of taxes; extension of time.
A. Taxpayers are liable for tax at the time of and after the transaction or incident giving rise to tax until payment is made. Taxes are due on and after the date on which their payment is required until payment is made. B. Every taxpayer shall, on or before the date on which payment of […]
Section 7-1-13.1 – Method of payment of certain taxes due.
A. Payment of the taxes, including any applicable penalties and interest, described in Paragraph (1), (2), (3) or (4) of this subsection shall be made on or before the date due in accordance with Subsection B of this section if the taxpayer’s average tax payment for the group of taxes during the preceding calendar year […]
Section 7-1-13.2 – Repealed.
ANNOTATIONS Repeals. — Laws 1989, ch. 319, § 15 repealed 7-1-13.2 NMSA 1978, as enacted by Laws 1988, ch. 73, § 55, relating to bond required of certain persons, effective July 1, 1989.
Section 7-1-13.3 – Repealed.
ANNOTATIONS Repeals. — Laws 1999, ch. 176, § 2 repealed 7-1-13.3 NMSA 1978, as enacted by Laws 1992, ch. 55, § 9, authorizing the department to accept payment of taxes by credit card, effective June 18, 1999. For provisions of former section, see the 1998 NMSA 1978 on NMOneSource.com. For present comparable provisions, see 6-1-14 […]