New Mexico § 7-1-15 - Secretary may set tax reporting and payment intervals
Full text of New Mexico New Mexico Statutes Annotated § 7-1-15 — Secretary may set tax reporting and payment intervals, with citation guidance and answers to common questions.
§ 7-1-15. Secretary may set tax reporting and payment intervals
The secretary may, pursuant to regulation, allow taxpayers with an anticipated tax
liability of less than two hundred dollars ($200) a month to report and pay taxes
at intervals which the secretary may specify. However, unless specifically permitted by law, an interval shall not exceed six
months. The secretary may also allow direct marketers who have entered into an agreement
with the department to collect and remit compensating tax to report and pay on a quarterly
or semi-annual basis.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 7-1-15
What does New Mexico Statutes Annotated § 7-1-15 cover?
Section 7-1-15 ("Secretary may set tax reporting and payment intervals") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 7-1-15?
A common citation format is "New Mexico Statutes Annotated § 7-1-15" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 7-1-15 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.