New Mexico Statutes

§ 16-2-27 — Tax exemptions

New Mexico § 16-2-27

JurisdictionNew Mexico

Ch. 16Parks, Recreation and Fairs

Art. 2State Parks Division

This text of New Mexico § 16-2-27 (Tax exemptions) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.M. Stat. Ann. § 16-2-27 (2026).

Text

The principal and income of bonds issued under the State Park and Recreation Bond Act [16-2-20 to 16-2-29 NMSA 1978] are exempt from all taxation by the state or any of its political subdivisions, except for inheritance and succession taxes.

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Legislative History

1978 Comp., § 16-2-27, enacted by Laws 1965, ch. 280, § 8.

Nearby Sections

15

§ 16-1-1

§ 16-1-2

State supplemental fund

§ 16-1-3

Administration; state-federal-local cost sharing formula;

§ 16-1-4

Outdoor recreation plan

§ 16-2-1

§ 16-2-10

Secretary and employees prohibited from having interest

§ 16-2-11

Acquisition of lands for park and recreational purposes;

§ 16-2-12

Acquisition of federal land for park and recreational uses

§ 16-2-13

Title to park and recreational lands; acceptance

§ 16-2-14

Prior donations and grants accepted and confirmed

§ 16-2-15

Secretary's power to authorize transfer of park lands

§ 16-2-15.1

Elephant Butte lake lease lot lands; release of lease with

§ 16-2-16

Procedure for transfer of park lands or recreational areas

§ 16-2-17

§ 16-2-18

Acceptance of donations of money, equipment or material

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Bluebook (online)

New Mexico § 16-2-27, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/16/16-2-27.