{"data":{"id":"us-nm/7-1-36","jurisdiction":"us-nm","citation":"7-1-36","heading":"Property exempt from levy.","body":"A. There shall be exempt from levy the money or property of a delinquent taxpayer in a total amount or value not in excess of one thousand dollars ($1,000).\nB. In addition to the property exempt under Subsection A of this section, there shall also be exempt from levy on an employer of the taxpayer the greater of the following portions of the taxpayer's disposable earnings:\n(1) seventy-five percent of the taxpayer's disposable earnings for any pay period; or\n(2) an amount each week equal to forty times the minimum wage rate pursuant to Subsection A of Section 50-4-22 NMSA 1978. The superintendent of regulation and licensing shall provide a table giving equivalent exemptions for pay periods of other than one week.\nC. As used in this section, \"disposable earnings\" means that part of a taxpayer's wages or salary remaining after deducting the amounts that are required by law to be withheld.","path":["Chapter 7 - Taxation","ARTICLE 1 Administration"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"6410fdb92872ed4f4266c20b859d19ae7e0a7052a9cf888a215bf57ebf5019a1","source_id":"us-nm","stale":false,"prev":"us-nm/7-1-35","next":"us-nm/7-1-37"},"notice":"GroundRules: Original legal text. Not legal advice."}