Home/New Mexico/Statutes/Ch. 16: Parks, Recreation and Fairs/Art. 5: Cumbres and Toltec Scenic Railroad/§ 16-5-12
New Mexico Statutes

§ 16-5-12 — Tax exemption of interest charged on loan

New Mexico § 16-5-12
JurisdictionNew Mexico
Ch. 16Parks, Recreation and Fairs
Art. 5Cumbres and Toltec Scenic Railroad

This text of New Mexico § 16-5-12 (Tax exemption of interest charged on loan) 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. § 16-5-12 (2026).

Text

Any interest charged and collected by a financial institution for extending a loan to the commission is exempt from all taxes imposed by the state and its political subdivisions.

Free access — add to your briefcase to read the full text and ask questions with AI

Legislative History

Laws 1989, ch. 26, § 6.

Nearby Sections

15
§ 16-1-1
Short title
§ 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
Repealed
§ 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
Repealed
§ 16-2-18
Acceptance of donations of money, equipment or material
View on official source ↗

Cite This Page — Counsel Stack

Bluebook (online)
New Mexico § 16-5-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/16/16-5-12.