us-nm/stat
NMSA 1978, § 7-1-36 — Property exempt from levy
A.
There shall be exempt from levy the money or property of a delinquent taxpayer
in a total amount or value not in excess of one thousand dollars ($1,000).
B.
In addition to the property exempt under Subsection A of this section, there shall
also be exempt from levy on an employer of the taxpayer the greater of the following
portions of the taxpayer's disposable earnings:
(1) seventy-five percent of the taxpayer's disposable earnings for any pay
period; or
(2) an amount each week equal to forty times the minimum wage rate
pursuant to Subsection A of Section 50-4-22 NMSA 1978. The superintendent of
regulation and licensing shall provide a table giving equivalent exemptions for pay
periods of other than one week.
C.
As used in this section, "disposable earnings" means that part of a taxpayer's
wages or salary remaining after deducting the amounts that are required by law to be
withheld.
Source: official text