Proceeds of levy and sale.

  1. Law
  2. New Mexico Statutes
  3. Taxation
  4. Administration
  5. Proceeds of levy and sale.

Checkout our iOS App for a better way to browser and research.

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.

ANNOTATIONS

Am. Jur. 2d, A.L.R. and C.J.S. references. — 72 Am. Jur. 2d State and Local Taxation § 911.

85 C.J.S. Taxation §§ 1197 et seq.


Download our app to see the most-to-date content.