[Tax exemption of income-producing project bonds.]

  1. Law
  2. New Mexico Statutes
  3. Public Finances
  4. Finances of State Educational Institutions
  5. [Tax exemption of income-producing project bonds.]

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

Bonds and all other evidences of indebtedness issued under the provisions of this act [6-17-1 to 6-17-13 NMSA 1978, except 6-17-1.1 NMSA 1978], shall forever be and remain free and exempt from taxation of this state and any subdivision thereof.

History: Laws 1939, ch. 177, § 9; 1941 Comp., § 55-2709; 1953 Comp., § 73-29-10.

ANNOTATIONS

Bracketed material. — The bracketed material was inserted by the compiler for clarity and is not part of the law. Section 6-17-1.1 NMSA 1978 is apparently not encompassed within "this act", since Laws 1989, ch. 182, § 1 enacted that section separately.


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