2006 New Mexico Statutes - Section 7-20C-13 — Revenue bonds; exemption from taxation.

7-20C-13. Revenue bonds; exemption from taxation.

The local hospital revenue bonds issued under authority of the Local Hospital Gross Receipts Tax Act [ 7-20C-1 to 7-20C-17 NMSA 1978] and the income from the bonds shall be exempt from all taxation by the state or any political subdivision of the state.   

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