New Mexico Administrative Code

When a petition for correction is served on a county treasurer, the county treasurer is required to immediately forward a copy of that petition to the division.

If the department enters an order changing the property tax schedule pursuant to Subsection A of Section 7-38-79 NMSA 1978, the property owner may protest only pursuant to the claim for refund procedures provided in Sections 7-38-39 and 7-38-40 NMSA 1978.

A. SUBPOENA POWER IN AID OF COUNTY ASSESSORS: the secretary may issue subpoenas for the purposes of determining whether property is subject to property taxation, its value and the amount of any property taxes due and in enforcing any statute administered by the division or admini…

Taxation and Revenue Department, Joseph M. Montoya Building, 1100 South St. Francis Drive, P.O. Box 630, Santa Fe NM 87504-0630

This part applies to all persons who sever or smelt copper and applies to the valuation of all productive copper mineral property.

Section 9-11-6.2 NMSA 1978.

Permanent.

7/31/96, unless a later date is cited at the end of a section, in which case the later date is the effective date.

The objective of this part is to interpret, exemplify, implement and enforce the provisions of the Copper Production Ad Valorem Tax Act.

Reserved.

A. The copper and other mineral prices to be used to calculate the value of salable copper and other minerals for purposes of the Copper Ad Valorem Tax Act shall be the following average annual prices as published in Metals Week, or any successor publication, for each year: (1) c…

Taxation and Revenue Department, Joseph M. Montoya Building, 1100 South St. Francis Drive, P.O. Box 630, Santa Fe NM 87504-0630

Provisions of this part apply to every person subject to the Estate Tax Act.

Section 9-11-6.2 NMSA 1978 of the Taxation and Revenue Department Act.

Permanent.

7/15/96, unless a later date is cited at the end of a section, in which case the later date is the effective date. The effective date of the Estate Tax Act was July 1, 1973. (Laws 1973, Ch. 345, Section 18) The Estate Tax Act and this Part apply to estates where decedent passed a…

The objective of this part is to interpret, exemplify, implement and enforce the provisions of the Estate Tax Act.

[Reserved]

All citations to statutes in 3.8 NMAC are to the 1978 New Mexico Statutes Annotated (NMSA 1978).

All regulations, rulings, and attorney general's opinions pertaining to the former law, Taxation of Inheritances and Transfers (Laws 1921, Chapter 179, as amended), were superseded by the Estate Tax Act.

Taxation and Revenue Department, Joseph M. Montoya Building, 1100 South St. Francis Drive, P.O. Box 630, Santa Fe NM 87504-0630

Provisions of this part apply to every person subject to the Estate Tax Act.

Section 9-11-6.2 NMSA 1978 of the Taxation and Revenue Department Act.

Permanent.

7/15/96, unless a later date is cited at the end of a section, in which case the later date is the effective date. The effective date of the Estate Tax Act was July 1, 1973. (Laws 1973, Ch. 345, Section 18) The Estate Tax Act and this part apply to estates where decedent passed a…

The objective of this part is to interpret, exemplify, implement and enforce the provisions of the Estate Tax Act.

[Reserved]

A lien on property of the estate arises pursuant to Sections 7-1-37 NMSA 1978 et seq. of the Tax Administration Act, and not otherwise.

Taxation and Revenue Department, Joseph M. Montoya Building, 1100 South St. Francis Drive, P.O. Box 630, Santa Fe NM 87504-0630

Provisions of this part apply to every person subject to the Estate Tax Act.

Section 9-11-6.2 NMSA 1978 of the Taxation and Revenue Department Act.

Permanent.

7/15/96, unless a later date is cited at the end of a section, in which case the later date is the effective date. The effective date of the Estate Tax Act was July 1, 1973. (Laws 1973, Ch. 345, Section 18) The Estate Tax Act and this Part apply to estates where decedent passed a…

The objective of this part is to interpret, exemplify, implement and enforce the provisions of the Estate Tax Act.

[Reserved]

A. The term "personal representative" generally means the executor or administrator of the decedent's estate as a whole, such as one appointed by a court having jurisdiction of the estate. B. If there is no such person appointed, qualified and acting, then every person in possess…

Taxation and Revenue Department, Joseph M. Montoya Building, 1100 South St. Francis Drive, P.O. Box 630, Santa Fe NM 87504-0630

Provisions of this Part apply to every person subject to the Estate Tax Act.

Section 9-11-6.2 NMSA 1978 of the Taxation and Revenue Department Act.

Permanent.

7/15/96, unless a later date is cited at the end of a section, in which case the later date is the effective date. The effective date of the Estate Tax Act was July 1, 1973. (Laws 1973, Ch. 345, Section 18) The Estate Tax Act and this Part apply to estates where decedent passed a…

The objective of this part is to interpret, exemplify, implement and enforce the provisions of the Estate Tax Act.

[Reserved]

A. The following examples illustrate the application of Section 7-7-3 NMSA 1978. The federal credit in each case is determined by reference to federal law. All other figures are hypothetical. B. Example 1: T is a New Mexico decedent. T's gross estate is $1,750,000; T has $140,000…

Taxation and Revenue Department; Joseph M. Montoya Building, 1100 South St. Francis Drive, P.O. Box 630, Santa Fe NM 87504-0630

A. The concept of "business situs" refers to the place where a business is conducted; it is used to localize notes and accounts, debit balances, receivables, and other intangible property for tax purposes, in a place where the decedent was not a resident. B. A debt may arise from…

The following example illustrates the application of Subsection D of Section 7-7-4 NMSA 1978. A. Example 1: S is a decedent who was a resident of State M at the time of her death. The property in her estate consisted solely of bank accounts located in State M and 10,000 shares of…

Provisions of this part apply to every person subject to the Estate Tax Act.

Section 9-11-6.2 NMSA 1978 of the Taxation and Revenue Department Act.

Permanent.