There is a newer version of the New Mexico Statutes
2015 New Mexico Statutes
Chapter 72 - Water Law
Section 16 Albuquerque Metropolitan Arroyo Flood Control
Section 72-16-98 Securities and income therefrom exempt.
NM Stat § 72-16-98 (2015) What's This?
72-16-98. Securities and income therefrom exempt.
Securities issued hereunder and the income therefrom shall forever be and remain free and exempt from taxation by the state, the authority and any other public body, except transfer, inheritance and estate taxes.
History: 1953 Comp., 75-36-98, enacted by Laws 1963, ch. 311, 98.
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