By regulation or instruction, the secretary may permit or require rounding to the nearest whole dollar of an amount due pursuant to the Income Tax Act [Chapter 7, Article 2 NMSA 1978] or the Corporate Income and Franchise Tax Act [Chapter 7, Article 2A NMSA 1978];, and to the nearest five cents ($.05) of an amount due pursuant to all other taxes administered by the department pursuant to Section 7-1-2 NMSA 1978. History: 1978 Comp., § 7-1-15.1, enacted by Laws 1987, ch. 169, § 4; 2026, ch. 31, § 3.
Secretary may permit or require rounding
NMSA 1978, § 7-1-15.1, under Article 1.
NMSA 1978, § 7-1-15.1