2020 New Mexico Statutes
Chapter 7 - Taxation
Article 1 - Administration
Section 7-1-6.1 - Identification of money in tax administration suspense fund; distribution.
After the necessary disbursements have been made from the tax administration suspense fund, the money remaining, except for remittances received within the previous sixty days that are unidentified as to source or disposition, in the suspense fund as of the last day of the month shall be identified by tax source and distributed or transferred in accordance with the applicable provisions of the Tax Administration Act. After the necessary distributions and transfers, any balance shall be distributed to the general fund.
History: 1978 Comp., § 7-1-6.1, enacted by Laws 1983, ch. 211, § 6; 1985, ch. 154, § 1; 1986, ch. 20, § 7; 1990, ch. 6, § 19; 1990, ch. 86, § 3; 2007 (1st S.S.), ch. 2, § 9.
ANNOTATIONSRepeals. — Laws 2007 (1st S.S.), ch. 2, § 11 repealed Laws 1990, ch. 6, § 19, effective June 28, 2007.
Cross references. — For the tax administration suspense fund, see 7-1-6 NMSA 1978.
For the general fund, see 6-4-2 NMSA 1978.
The 2007 amendment, effective June 28, 2007, eliminated the list of sections of the Tax Administration Act that govern distributions.
The 1990 amendment, effective July 1, 1990, substituted "Sections 7-1-6.2 through 7-1-6.19, 7-1-6.24 through 7-1-6.26 and 7-1-6.28 through 7-1-6.40 NMSA 1978" for "Sections 7-1-6.2 through 7-1-6.18 NMSA 1978" at the end of the first sentence.
