NM HB291

Allows attorney fees and court-awarded costs to be paid from tax revenue distributions, and permits rounding to the nearest whole dollar for income/corporate taxes or nearest five cents for other taxes

Prevents interest from accruing when a taxpayer has been granted an extension of time to file a return, and clarifies that taxpayers with installment agreements in good standing are not considered delinquent for license/permit renewal purposes

Eliminates the $5.00 minimum civil penalty for failure to pay taxes under the Withholding Tax Act, Oil and Gas Proceeds and Pass-Through Entity Withholding Tax Act, and workers' compensation fee

Amends the Film Production Tax Credit Act definitions and provisions, including clarifying that "vendor" excludes services provided by nonresident directors, writers, or producers, with changes applying to taxable years beginning January 1, 2027

Allows excess property tax auction proceeds to be applied to outstanding tax debt owed by the former property owner, and requires tribal tax ordinances to have specific effective dates (first July 1 after three months from adoption)