New Mexico § 7-1-36 - Property exempt from levy
Full text of New Mexico New Mexico Statutes Annotated § 7-1-36 — Property exempt from levy, with citation guidance and answers to common questions.
§ 7-1-36. Property exempt from levy
A. There shall be exempt from levy the money or property of a delinquent taxpayer
in a total amount or value not in excess of one thousand dollars ($1,000). B. In addition to the property exempt under Subsection A of this section, there shall
also be exempt from levy on an employer of the taxpayer the greater of the following
portions of the taxpayer's disposable earnings: (1) seventy-five percent of the taxpayer's disposable earnings for any pay period;
or (2) an amount each week equal to forty times the minimum wage rate pursuant to Subsection A of Section 50-4-22 NMSA 1978 . The superintendent of regulation and licensing shall provide a table giving equivalent
exemptions for pay periods of other than one week. C. As used in this section, “ disposable earnings ” means that part of a taxpayer's wages or salary remaining after deducting the amounts
that are required by law to be withheld.
Frequently Asked Questions About New Mexico § 7-1-36
What does New Mexico Statutes Annotated § 7-1-36 cover?
Section 7-1-36 ("Property exempt from levy") 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 § 7-1-36?
A common citation format is "New Mexico Statutes Annotated § 7-1-36" (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 § 7-1-36 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.