There Is a Newer Version
of
the New Mexico Statutes
2011 New Mexico Statutes
Chapter 3: Municipalities
Article 64: Development Incentives, 3-64-1 through 3-64-5
Section 3-64-5: Expiration of exemption; action of assessor.
Universal Citation:
NM Stat § 3-64-5 (1996 through 1st Sess 50th Legis)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
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3-64-5. Expiration of exemption; action of assessor.
An exemption granted under Section 3-64-3 NMSA 1978 shall automatically terminate on the last day of the property tax year in which it expires pursuant to the exemption resolution or on the last day of the property tax year in which a new business facility ceases commercial operations, whichever occurs first.
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