Code · New Mexico · Chapter 7 — Taxation · Article 1 — Administration

7-1-35. Stay of levy.

81 words·~1 min read·/nm/chapter-7-taxation/article-1-administration/7-1-35

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Levy shall not be made on the property or rights to property of any taxpayer who furnishes security in accordance with the provisions of Section 7-1-54 NMSA 1978. A levy made under authority of Section 7-1-31 NMSA 1978 shall be released as otherwise provided in the Tax Administration Act upon compliance by a taxpayer with the pertinent provisions of Section 7-1-54 NMSA 1978.

History: 1953 Comp., § 72-13-49, enacted by Laws 1965, ch. 248, § 37; 1969, ch. 9, § 1.