It shall be lawful for the secretary or the secretary's delegate, under regulations prescribed by the secretary, to release the levy upon all or part of the property or rights to property levied upon if the secretary or the secretary's delegate determines that such action will facilitate the collection of the liability, but the release shall not operate to prevent any subsequent levy. History: 1953 Comp., § 72-13-66, enacted by Laws 1965, ch. 248, § 54; 1979, ch. 144, § 46; 2001, ch. 56, § 13. ANNOTATIONSThe 2001 amendment, effective July 1, 2001, substituted 'secretary or the secretary's delegate' for 'director or his delegate' in two places, and substituted 'secretary' for 'director'. Am. Jur. 2d, A.L.R. and C.J.S. references. — 71 Am. Jur. 2d State and Local Taxation § 215; 72 Am. Jur. 2d State and Local Taxation §§ 895, 896. Effect of receiver's failure to discharge tax liens, 39 A.L.R. 1415. Constitutionality, construction and application of statute permitting release of part of property subject to tax liens or special assessments, 100 A.L.R. 418. 85 C.J.S. Taxation §§ 832, 907 to 909, 1007.
New Mexico Legal Code