The principal and income of bonds issued under the Game and Fish Bond Act are exempt from all taxation by the state or any of its political subdivisions except for inheritance and succession taxes.
§ 17-1-24 NMSA 1978
Tax exemptions
Known as the Game and Fish Bond Act
The act spans §§ 17–17 (34 sections).
1978 Comp., § 17-1-24, enacted by Laws 1964 (1st S.S.), ch. 18, § 9.
Official source: NMOneSource (New Mexico Compilation Commission). Reproduced from public-domain New Mexico statutes; confirm against the official source for the current text. Not legal advice.