New Mexico Statutes 58-18A-11. Exemption from taxation
Current as of: 2023 | Check for updates
|
Other versions
The bonds authorized by the Municipal Mortgage Finance Act and the income from the bonds shall be exempt from all taxation by the state or any political subdivision thereof, subject to the provisions of the Banking and Financial Corporations Tax Act.
Terms Used In New Mexico Statutes 58-18A-11
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.