New Mexico Statutes
§ 7-7-17 — Payment of estate tax in works of art
A decedent's estate may pay all or part of any tax owed by the decedent's estate to the state by payment in the form of one or more works of art in the manner provided by the Art Acceptance Act [7-7-15 to 7-7-20 NMSA 1978], provided: A. the decedent has so directed by a will; or B. in the absence of a direction in the decedent's will, the personal representative finds that this method of payment is advantageous to the estate.
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New Mexico § 7-7-17 (Payment of estate tax in works of art) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
1978 Comp., § 7-7-17, enacted by Laws 1983, ch. 209, § 3.
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Repealed§ 7-1-13.3
Repealed§ 7-1-13.4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