New Mexico Statutes
§ 16-2-27 — Tax exemptions
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
Short title§ 16-1-2
State supplemental fund§ 16-1-4
Outdoor recreation plan§ 16-2-1
Repealed§ 16-2-17
Repealed