If any payment required to be made by provision of the Tax Administration Act is attempted to be made by check that is not paid upon presentment, such dishonor is presumptive of negligence. The penalty shall never be less than ten dollars ($10.00). This penalty is in addition to any other penalty imposed by law.
History: 1953 Comp., § 72-13-83, enacted by Laws 1965, ch. 248, § 71; 1996, ch. 15, § 10.
ANNOTATIONSCross references. — For presentment and dishonor generally, see 55-3-501 NMSA 1978 et seq.
The 1996 amendment, effective July 1, 1996, made a minor stylistic change in the first sentence and added the third sentence.