2019 New Mexico Statutes
Chapter 3 - Municipalities
Article 64 - Development Incentives
Section 3-64-1 - Short title.
Chapter 3, Article 64 NMSA 1978 may be cited as the "Community Development Incentive Act".
History: Laws 1991, ch. 163, § 1; 2003, ch. 293, § 1; 2003, ch. 405, § 1.
ANNOTATIONSCross references. — For exemption of municipal property, owned for purposes of the Community Development Law, from taxes and from levy and sale by virtue of an execution, see 3-60-32 NMSA 1978.
For exemption of municipal property, owned for purposes of the Metropolitan Redevelopment Code, from taxes and from levy and sale by virtue of an execution, see 3-60A-13 NMSA 1978.
For county foreign-trade zone regulations, see 4-36-7 NMSA 1978.
For exemption of governmental agencies or instrumentalities from compensating tax, see 7-9-14 NMSA 1978.
For tax status of lessee's interests in metropolitan redevelopment property, see 7-36-3.1 NMSA 1978.
The 2003 amendment, effective June 20, 2003, substituted "Chapter 3, Article 64 NMSA 1978" for "This act" at the beginning of the section, and inserted "Community" preceding "Development Incentive Act" at the end of the section.
Laws 2003, ch. 293, § 1 enacted identical amendments to this section. The section was set out as amended by Laws 2003, ch. 405, § 1. See 12-1-8 NMSA 1978.
