Bonds tax free.

  1. Law
  2. New Mexico Statutes
  3. Taxation
  4. Severance Tax Bonding Act
  5. Bonds tax free.

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All severance tax bonds and supplemental severance tax bonds shall be exempt from taxation by the state or any of its political subdivisions.

History: 1953 Comp., § 72-18-48, enacted by Laws 1961, ch. 5, § 21; 1999 (1st S.S.), ch. 6, § 16.

ANNOTATIONS

The 1999 amendment, effective July 1, 1999, inserted "and supplemental severance tax bonds".


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