New Mexico Statutes
§ 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 be returned to a person legally entitled thereto.
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New Mexico § 7-1-51 (Proceeds of levy and sale) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1953 Comp., § 72-13-65, enacted by Laws 1965, ch. 248, § 53.
Nearby Sections
15
§ 7-1-1
Short title§ 7-1-11.1
Managed audits§ 7-1-11.2
Required audit notices§ 7-1-12
Identification of taxpayers§ 7-1-13.1
Method of payment of certain taxes due§ 7-1-13.2
Repealed§ 7-1-13.3
Repealed§ 7-1-13.4
Electronic payments; reversals