New Mexico § 7-1-6.1 - Identification of money in tax administration suspense fund; distribution
Full text of New Mexico New Mexico Statutes Annotated § 7-1-6.1 — Identification of money in tax administration suspense fund; distribution, with citation guidance and answers to common questions.
§ 7-1-6.1. Identification of money in tax administration suspense fund; distribution
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.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 7-1-6.1
What does New Mexico Statutes Annotated § 7-1-6.1 cover?
Section 7-1-6.1 ("Identification of money in tax administration suspense fund; distribution") 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 § 7-1-6.1?
A common citation format is "New Mexico Statutes Annotated § 7-1-6.1" (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 § 7-1-6.1 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.