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Current as of January 01, 2024 | Updated by Findlaw Staff
After the necessary disbursements have been made from the tax administration suspense fund, the money remaining, except for remittances received within the previous sixty days that are unidentified as to source or disposition, in the suspense fund as of the last day of the month shall be identified by tax source and distributed or transferred in accordance with the applicable provisions of the Tax Administration Act. After the necessary distributions and transfers, any balance shall be distributed to the general fund.
Cite this article: FindLaw.com - New Mexico Statutes Chapter 7. Taxation § 7-1-6.1. Identification of money in tax administration suspense fund; distribution - last updated January 01, 2024 | https://codes.findlaw.com/nm/chapter-7-taxation/nm-st-sect-7-1-6-1/
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