NMSA 1978, § 7-1-23 — Disputing liabilities; election of remedies

A taxpayer may dispute the taxpayer's liability for taxes only by protesting the
assessment of taxes as provided in Section 7-1-24 NMSA 1978 without making
payment or by claiming a refund as provided in Section 7-1-26 NMSA 1978 after making
payment of the taxes the department asserts are owed. The pursuit of one of the two
remedies constitutes an unconditional waiver of the right to pursue the other.