us-nm/stat
NMSA 1978, § 7-1-13.4 — Electronic payments; reversals
A.
The department is authorized to accept payment by automated clearinghouse
transaction, federal reserve system wire transfer and such other means of electronic
payment as the department, with the concurrence of the state board of finance, may
choose.
B.
With respect to automated clearinghouse transactions, federal reserve system
wire transfers and electronic payments by means the department has chosen, neither
the department nor the fiscal agent of New Mexico shall refuse to accept the funds or to
reverse the transaction when funds have been received by the fiscal agent designating
the department as the payee together with sufficient information to identify the name of
the taxpayer. The department or the fiscal agent of New Mexico may refuse to accept
such a payment or to cause the reversal of the transaction only when the transaction is
not successful in making the funds to be transferred available or in identifying the
taxpayer. The department and the fiscal agent of New Mexico may refuse to accept
electronic payments tendered by means other than automated clearinghouse deposit,
federal reserve system wire transfer or those other means the department has chosen.
C.
When an electronic payment transaction is reversed through the taxpayer's
action or a check is dishonored by the taxpayer's financial institution, neither the
department nor the fiscal agent of New Mexico is obligated to resubmit the transaction
or check for payment. If the reversal or dishonoring causes the final payment of taxes to
be not timely, then the provisions of Sections 7-1-67 and 7-1-69 NMSA 1978 apply.
Source: official text