NMSA 1978, § 7-2-12 — Taxpayer returns; payment of tax

Every resident of this state and every individual deriving income from any business
transaction, property or employment within this state and not exempt from tax under the
Income Tax Act who is required by the laws of the United States to file a federal income
tax return shall file a complete tax return with the department in form and content as
prescribed by the secretary. A resident or any individual who is required by the
provisions of the Income Tax Act to file a return or pay a tax shall, on or before the due
date of the resident's or individual's federal income tax return for the taxable year, file
the return and pay the tax imposed for that year.