4-62-3.1. Exemption from taxation.
51 words·~1 min read·
/nm/chapter-4-counties/article-62-revenue-bonds/4-62-3-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The bonds authorized by Chapter 4, Article 62 NMSA 1978 and the income from the bonds or any mortgages or other instruments executed as security for the bonds shall be exempt from all taxation by the state or any political subdivision of the state.
History: Laws 2001, ch. 126, § 2.