There is a newer version of the New Mexico Statutes
2013 New Mexico Statutes
Chapter 16 - Parks, Recreation and Fairs
Article 5 - Cumbres and Toltec Scenic Railroad
Section 16-5-12 - Tax exemption of interest charged on loan. (1989)
NM Stat § 16-5-12 (2013) What's This?
16-5-12. Tax exemption of interest charged on loan. (1989)
Any interest charged and collected by a financial institution for extending a loan to the commission is exempt from all taxes imposed by the state and its political subdivisions.
History: Laws 1989, ch. 26, § 6.
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