2011 New Mexico Statutes
Chapter 7: Taxation
Article 2: Income Tax General Provisions, 7-2-1 through 7-2-36
Section 7-2-28: Optional designation of tax refund contribution.

7-2-28. Optional designation of tax refund contribution.

A. Any individual whose state income tax liability in any year is lower than the amount of money held by the department to the credit of such individual for that tax year may designate any portion of the income tax refund due to be paid into the veterans' national cemetery fund. In the case of a joint return, both individuals must make such designation.

B. The secretary shall revise the state income tax form to allow the designation by individual taxpayers of such contributions in substantially the following form:

"New Mexico Veterans' National Cemetery Fund--Check [ ]

if you wish to contribute a part or all of your tax refund to the

Veterans' National Cemetery Fund. Enter here $ ___________ the amount

of your contribution.".

C. The provisions of this section do not apply to refund amounts intercepted under the Tax Refund Intercept Program Act [7-2C-1 NMSA 1978], and any designation under the provisions of this section with respect to such intercepted refunds is void.