New Mexico § 7-7-8 Department to file certificate; final settlement of account

New Mexico Statutes

§ 7-7-8 — Department to file certificate; final settlement of account

New Mexico § 7-7-8

Ch. 7Taxation

Art. 7Estate Tax

This text of New Mexico § 7-7-8 (Department to file certificate; final settlement of account) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 7-7-8 (2026).

Text

A. Except as otherwise provided in Subsection B of this section, the department shall file a certificate with the clerk of the county in which the estate or any part of it is located when:

(1)no taxes imposed by the Estate Tax Act [7-7-1 to 7-7-12 NMSA 1978] are due; or (2) the taxes due under the Estate Tax Act have been paid. B. If the estate is not required to file a federal estate tax return, the filing of a certificate by the department is not required. C. No court shall allow the final settlement of the account of any personal representative until either a certificate is filed as provided in this section if the estate is required to file a federal estate tax return or the personal representative demonstrates that the estate was not required to file a federal estate tax return.

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A. Except as otherwise provided in Subsection B of this section, the department shall file a certificate with the clerk of the county in which the estate or any part of it is located when: (1) no taxes imposed by the Estate Tax Act [7-7-1 to 7-7-12 NMSA 1978] are due; or (2) the taxes due under the Estate Tax Act have been paid. B. If the estate is not required to file a federal estate tax return, the filing of a certificate by the department is not required. C. No court shall allow the final settlement of the account of any personal representative until either a certificate is filed as provided in this section if the estate is required to file a federal estate tax return or the personal representative demonstrates that the estate was not required to file a federal estate tax return.