There is a newer version
of
this Section
2017 New Mexico Statutes
Chapter 67 - Highways
Article 3 - State Transportation Commission
Section 67-3-76 - Transportation bonds; exemption from taxation.
Universal Citation: NM Stat § 67-3-76 (2017)
67-3-76. Transportation bonds; exemption from taxation.
The construction, operation and maintenance of a transportation project by the state transportation commission shall constitute the performance of an essential governmental function. As such, the income from the transportation bonds issued pursuant to Chapter 67, Article 3 NMSA 1978 shall at all times be free from taxation by the state and by its political subdivisions.
History: Laws 1997, ch. 52, 6; 2003, ch. 142, 73.
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.
