There is a newer version
of
this Section
2019 New Mexico Statutes
Chapter 58 - Financial Institutions and Regulations
Article 27 - Border Development
Section 58-27-24 - Exemption from taxation.
Universal Citation: NM Stat § 58-27-24 (2019)
Bonds authorized pursuant to the Border Development Act and the income from those bonds, all mortgages or other security instruments executed as security for those bonds, all lease and installment purchase agreements made pursuant to the provisions of that act and revenue derived from any lease or sale by the authority shall be exempt from all taxation by the state or any subdivision thereof.
History: Laws 1991, ch. 131, § 24; 1995, ch. 192, § 19.
ANNOTATIONSThe 1995 amendment, effective June 16, 1995, inserted "and installment purchase" preceding "agreements", substituted "of that act" for "hereof", and deleted "of New Mexico" following "state".
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.
