NMSA 1978, § 7-27-24
Bonds tax free
All severance tax bonds and supplemental severance tax bonds shall be exempt from taxation by the state or any of its political subdivisions.
Amendment history
1953 Comp., § 72-18-48, enacted by Laws 1961, ch. 5, § 21; 1999 (1st S.S.), ch. 6, § 16.
Source: official source (NMSA chapter on nmonesource.com)
In this article (40 sections)
- 7-27-11.1 · Repealed
- 7-27-12 · When severance tax bonds to be issued
- 7-27-12.1 · 7-27-12.1
- 7-27-12.2 · 7-27-12.2
- 7-27-12.3 · 7-27-12.3
- 7-27-12.4 · 7-27-12.4
- 7-27-12.5 · 7-27-12.5
- 7-27-12.6 · 7-27-12.6
- 7-27-12.7 · 7-27-12.7
- 7-27-13 · Reserved
- 7-27-14 · Amount of tax; security for bonds
- 7-27-15 · Majority approval necessary for board action
- 7-27-16 · Form of bonds
- 7-27-17 · Execution of bonds
- 7-27-18 · Procedure for sale of bonds
- 7-27-19 · 7-27-19
- 7-27-20 · Expenses paid from severance tax bonding fund
- 7-27-21 · Treasurer to make bond payments and keep records
- 7-27-22 · 7-27-22
- 7-27-23 · Suit may be brought to compel performance of officers
- 7-27-24 · Bonds tax free
- 7-27-25 · No impairment of obligation of contract
- 7-27-26 · Severance tax bonding fund continued
- 7-27-27 · Purpose and intent
- 7-27-28 · Repealed
- 7-27-29 · Repealed
- 7-27-30 · Repealed
- 7-27-31 · Severance tax income bond retirement fund created
- 7-27-32 · Severance tax income bond retirement fund pledged
- 7-27-33 · Repealed
- 7-27-34 · Repealed
- 7-27-35 · Repealed
- 7-27-36 · Repealed
- 7-27-37 · Repealed
- 7-27-38 · Repealed
- 7-27-39 · Repealed
- 7-27-40 · Repealed
- 7-27-41 · Repealed
- 7-27-42 · Severance tax income bonds; legal investments
- 7-27-43 · 7-27-43