Bonds issued by any municipality pursuant hereto and the income therefrom shall at all times be free from taxation by the state of New Mexico and any subdivision thereof, except for any estate, inheritance and transfer taxes.
§ 5-5-25 NMSA 1978
Exemption from taxation
Known as the Joint City-County Building Law
The act spans §§ 5–5 (27 sections).
1953 Comp., § 6-9-24, enacted by Laws 1959, ch. 300, § 24.
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.