2015 New Mexico Statutes
Chapter 3 - Municipalities
Section 32 Industrial Revenue Bonds
Section 3-32-14 Exemption from taxation.
3-32-14. Exemption from taxation.
The bonds authorized by Sections 3-32-1 through 3-32-16 NMSA 1978, and the income from said bonds, all mortgages or other security instrument executed as security for said bonds, all lease agreements made pursuant to the provisions hereof, and revenue derived from any lease or sale by the municipality thereof shall be exempt from all taxation by the state of New Mexico, or any subdivision thereof.
History: 1953 Comp., 14-31-11, enacted by Laws 1965, ch. 300.
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