2019 New Mexico Statutes
Chapter 7 - Taxation
Article 7 - Estate Tax
Section 7-7-7 - Interest on amount due; extension of time to file federal return.
Interest, as provided in the Tax Administration Act [Chapter 7 Article 1 NMSA 1978], shall be paid to the state on the amount of tax due under the Estate Tax Act [7-7-1 to 7-7-12 NMSA 1978], from the first day following the day on which payment of the tax would be due in the absence of an extension of time, until the day paid, whether or not the personal representative is granted an extension of time within which to file the federal estate tax return.
History: 1953 Comp., § 72-33-7, enacted by Laws 1973, ch. 345, § 7.
ANNOTATIONSEffective dates. — Laws 1973, ch. 345, § 18 made Laws 1973, ch. 345, § 7 effective July 1, 1973.
Am. Jur. 2d, A.L.R. and C.J.S. references. — 42 Am. Jur. 2d Inheritance, Estate and Gift Taxes §§ 248 to 252, 257, 265, 272.
85 C.J.S. Taxation §§ 1883 to 1888, 1896 to 1897, 1976, 1982.
