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2013 New Mexico Statutes
Chapter 7 - Taxation
Article 1 - Administration
Section 7-1-15 - Secretary may set tax reporting and payment intervals. (1998)


NM Stat § 7-1-15 (2013) What's This?

7-1-15. Secretary may set tax reporting and payment intervals. (1998) 
The secretary may, pursuant to regulation, allow taxpayers with an anticipated tax liability of less than two hundred dollars ($200) a month to report and pay taxes at intervals which the secretary may specify. However, unless specifically permitted by law, an interval shall not exceed six months. The secretary may also allow direct marketers who have entered into an agreement with the department to collect and remit compensating tax to report and pay on a quarterly or semi-annual basis.   
  History: 1953 Comp., § 72-13-30.1, enacted by Laws 1969, ch. 31, § 1; 1979, ch. 144, § 14; 1983, ch. 211, § 25; 1988, ch. 73, § 7; 1991, ch. 138, § 1; 1998, ch. 105, § 2. 

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