NMSA 1978, § 7-1-19 — Limitation of actions

No action or proceeding shall be brought to collect taxes administered under the
provisions of the Tax Administration Act and due under an assessment or notice of the
assessment of taxes after the later of either ten years from the date of such assessment
or notice or, with respect to undischarged amounts in a bankruptcy proceeding, one
year after the later of the issuance of the final order or the date of the last scheduled
payment.