There is a newer version of the New Mexico Statutes
2011 New Mexico Statutes
Chapter 3: Municipalities
Article 52: Municipal Transit, 3-52-1 through 3-52-16
Section 3-52-13: Tax exemptions.
NM Stat § 3-52-13 (1996 through 1st Sess 50th Legis) What's This?
3-52-13. Tax exemptions.
Bonds and their income and all mortgages or other instruments executed as security for them are exempt from all taxation by this state or any of its political subdivisions.
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