New Mexico Administrative Code
Title 3 - TAXATION
Chapter 25 - WORKERS' COMPENSATION FEE
Part 2 - EFFECTIVE DATE OF ASSESSMENT
Section 3.25.2.7 - DEFINITIONS: "ASSESSMENT" AND FEE ARE ADMINISTERED AS TAXES

Universal Citation: 3 NM Admin Code 3.25.2.7

Current through Register Vol. 35, No. 18, September 24, 2024

A. For the period July 1, 1987 through May 19, 1992, and for purposes of the application of the provisions of the Tax Administration Act to the administration and enforcement of the workers' compensation assessments required by Section 52-5-19 NMSA 1978, the noun "assessment" as used in Section 52-5-19 NMSA 1978 prior to May 20, 1992, means "tax", in accordance with Subsection C of Section 7-1-2 NMSA 1978.

B. On and after May 20, 1992, for the purposes of the application of the Tax Administration Act to the administration and enforcement of the workers' compensation fees required by Section 52-5-19 NMSA 1978, the fee shall be considered a tax.

C. This version of 3.25.2.7 NMAC is retroactively applicable on May 20, 1992.

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