New Mexico Administrative Code
Title 3 - TAXATION
Chapter 1 - TAX ADMINISTRATION
Part 11 - PENALTIES
Section 3.1.11.9 - COMPROMISE BY SECRETARY
Universal Citation: 3 NM Admin Code 3.1.11.9
Current through Register Vol. 35, No. 6, March 26, 2024
The secretary may compromise the assessment of civil penalty by entering into a written closing agreement if and when the secretary has a good faith doubt of the taxpayer's liability. The secretary may not compromise the civil penalty because of the taxpayer's inability to pay. The secretary may not compromise the civil penalty solely because of the threat of litigation. The secretary may not compromise the civil penalty solely as an expedient means of disposing of a controversy.
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