All severance tax bonds and supplemental severance tax bonds shall be exempt from taxation by the state or any of its political subdivisions.
§ 7-27-24 NMSA 1978
Bonds tax free
Known as the Severance Tax Bonding Act
The act spans §§ 7–7 (92 sections).
1953 Comp., § 72-18-48, enacted by Laws 1961, ch. 5, § 21; 1999 (1st S.S.), ch. 6, § 16.
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.