There is a newer version of the New Mexico Statutes
2021
2020
2019
2018
2017
Other previous versions
View our newest version here

2014 New Mexico Statutes
Chapter 7 - Taxation
Section 36 Valuation of Property
Section 7-36-3.2 Enterprise zone property; tax status of lessee's interests.

NM Stat § 7-36-3.2 (2014) What's This?
7-36-3.2. Enterprise zone property; tax status of lessee's interests.
Property interests of a lessee in project property held under a lease with respect to a project authorized by the Enterprise Zone Act [5-9-1 through 5-9-15 NMSA 1978] and acquired or held by a local government are exempt from property taxation for a period not to exceed ten years from the date of execution of the first lease of the project by the local government.
History: 1978 Comp., 7-36-3.2, enacted by Laws 1993, ch. 33, 16.

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.