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Section 7-1-71.3 - Willful failure to collect and pay over taxes.

NM Stat § 7-1-71.3 (2019) (N/A)
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A. A person who is required to collect, account for and pay over a tax imposed by the state and who willfully, with the intent to defraud, fails to collect or truthfully account for and pay over the tax due to the state is guilty of a felony, and upon conviction thereof, shall be fined not more than five thousand dollars ($5,000) or imprisoned for a period of not less than six months and not more than three years, or both, together with the costs of prosecution.

B. As used in this section:

(1) "tax" does not include civil penalties or interest; and

(2) "willfully" means intentionally, deliberately or purposely, but not necessarily maliciously.

History: Laws 2005, ch. 108, § 4.

Effective dates. — Laws 2005, ch. 108 contained no effective date provision, but, pursuant to N.M. Const., art. IV, § 23, was effective June 17, 2005, 90 days after adjournment of the legislature.

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Section 7-1-71.1 - Tax return preparers; requirements; penalties.
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Section 7-1-71.4 - Tax return preparer; electronic filing requirement; penalty.