2015 New Mexico Statutes
Chapter 7 - Taxation
Section 1 Administration
Section 7-1-51 Proceeds of levy and sale.
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.
History: 1953 Comp., 72-13-65, enacted by Laws 1965, ch. 248, 53.
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