§ 7-1-51 NMSA 1978

Proceeds of levy and sale

Known as the Tax Administration Act

The act spans §§ 7–7 (198 sections).

1953 Comp., § 72-13-65, enacted by Laws 1965, ch. 248, § 53.

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 be returned to a person legally entitled thereto.

Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.