[Exemption from taxation.]

  1. Law
  2. New Mexico Statutes
  3. Public Finances
  4. Institution Bonds
  5. [Exemption from taxation.]

Checkout our iOS App for a better way to browser and research.

That bonds issued under the provisions of this act [6-13-1 to 6-13-26 NMSA 1978], and the income thereupon, being for the sole purpose specified in Section 2 [6-13-3 NMSA 1978] hereof, shall forever be and remain free and exempt from taxation by the state of New Mexico or any subdivision thereof.

History: 1941 Comp., § 6-267, enacted by Laws 1949, ch. 121, § 14; 1953 Comp., § 11-9-15, compiled by Laws 1963, ch. 298, § 2.

ANNOTATIONS

Bracketed material. — The bracketed material was inserted by the compiler and is not part of the law.


Download our app to see the most-to-date content.