There is a newer version of the New Mexico Statutes
2009 New Mexico Statutes
Chapter 5 - Municipalities and Counties.
Article 15 - Tax Increment for Development
Section 5-15-22 - Exemption from taxation.
5-15-22. Exemption from taxation.
The bonds authorized by the Tax Increment for Development Act [5-15-1 NMSA 1978] and the income from the bonds or any other instrument executed as security for the bonds shall be exempt from all taxation by the state or any political subdivision of the state.
Disclaimer: These codes may not be the most recent version. New Mexico may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
