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NMSA 1978 Chapter 7 — Taxation

NMSA 1978, § 7-1-31

Seizure of property by levy for collection of taxes

Official textnmonesource.comlast amended

# A.

The secretary or secretary's delegate may proceed to collect tax from a delinquent taxpayer by levy upon all property or rights to property of the delinquent taxpayer and convert the property or rights to property to money by appropriate means.

# B.

A levy is made by taking possession of property pursuant to authority contained in a warrant of levy or by the service, by the secretary or secretary's delegate or any sheriff or certified law enforcement employee of the department of public safety, of the warrant upon the taxpayer or other person in possession of property or rights to property of the taxpayer, upon the taxpayer's employer or upon any person or depositary owing or who will owe money to or holding funds of the taxpayer, ordering the taxpayer or other person to reveal the extent thereof and surrender it to the secretary or secretary's delegate forthwith or agree to surrender it or the proceeds therefrom in the future, but in any case on the terms and conditions stated in the warrant.

# C.

Upon agreement between the department and a financial institution, the department may serve a warrant of levy on the financial institution in electronic format pursuant to the Electronic Authentication of Documents Act [14-15-1 to 14-15-6 NMSA 1978] and the Uniform Electronic Transactions Act [Chapter 14, Article 16 NMSA 1978].

Amendment history

1953 Comp., § 72-13-45, enacted by Laws 1965, ch. 248, § 33; 1979, ch. 144, § 28; 1993, ch. 242, § 1; 2015, ch. 15, § 1.

Source: official source (NMSA chapter on nmonesource.com)

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In this article (40 sections)
  1. 7-1-17 · Assessment of tax; presumption of correctness
  2. 7-1-17.1 · Tax liability; spouse or former spouse
  3. 7-1-18 · Limitation on assessment by department
  4. 7-1-19 · Limitation of actions
  5. 7-1-20 · Compromise of taxes; closing agreements
  6. 7-1-21 · Installment payments of taxes; installment agreements
  7. 7-1-21.1 · Special agreements; alternative gross receipts taxpayer
  8. 7-1-22 · Exhaustion of administrative remedies
  9. 7-1-23 · Disputing liabilities; election of remedies
  10. 7-1-24 · Disputing liabilities; administrative protest
  11. 7-1-24.1 · Repealed
  12. 7-1-25 · Appeals from hearing officer's decision and order
  13. 7-1-26 · Disputing liabilities; claim for rebate or refund
  14. 7-1-26.1 · Repealed
  15. 7-1-27 · 7-1-27
  16. 7-1-28 · Authority for abatements of assessments of tax
  17. 7-1-29 · Authority to make refunds, credits or rebates
  18. 7-1-29.1 · Awarding of costs and fees
  19. 7-1-29.2 · Credit claims
  20. 7-1-30 · Collection of penalties and interest
  21. 7-1-31 · Seizure of property by levy for collection of taxes
  22. 7-1-32 · Contents of warrant of levy
  23. 7-1-33 · Successive seizures
  24. 7-1-34 · Surrender of property subject to levy; penalty
  25. 7-1-35 · Stay of levy
  26. 7-1-36 · Property exempt from levy
  27. 7-1-37 · Assessment as lien
  28. 7-1-38 · Notice of lien
  29. 7-1-39 · 7-1-39
  30. 7-1-40 · Foreclosure of lien
  31. 7-1-41 · Notice of seizure
  32. 7-1-42 · Notice of sale
  33. 7-1-43 · Sale of indivisible property
  34. 7-1-44 · Requirements of sale
  35. 7-1-45 · Manner of sale or conversion to money
  36. 7-1-46 · Minimum prices
  37. 7-1-47 · Redemption before sale
  38. 7-1-48 · Documents of title
  39. 7-1-49 · Legal effect of certificate of sale
  40. 7-1-50 · Legal effect of deed to real property
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