Anticipation notes are exempt from taxation by the state or any of its political subdivisions.
§ 6-12A-14 NMSA 1978
Anticipation notes exempt from taxation
Known as the Short-Term Cash Management Act
The act spans §§ 6–6 (15 sections).
Laws 1997, ch. 111, § 14.
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.