NMSA 1978 Chapter 7 — Taxation
NMSA 1978, § 7-27-47
Bonds tax-free
Official textnmonesource.comlast amended
Interest earned on all severance tax income bonds shall be exempt from taxation by the state or any of its political subdivisions.
Amendment history
Laws 1981 (1st S.S.), ch. 9, § 20.
Source: official source (NMSA chapter on nmonesource.com)
In this article (40 sections)
- 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- 7-27-28 · Repealed
- 7-27-29 · Repealed
- 7-27-30 · Repealed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- 7-27-33 · Repealed
- 7-27-34 · Repealed
- 7-27-35 · Repealed
- 7-27-36 · Repealed
- 7-27-37 · Repealed
- 7-27-38 · Repealed
- 7-27-39 · Repealed
- 7-27-40 · Repealed
- 7-27-41 · Repealed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
- 7-27-44 · Treasurer to make bond payments and keep records
- 7-27-45 · Repealed
- 7-27-46 · Suit may be brought to compel performance of officers
- 7-27-47 · Bonds tax-free
- 7-27-48 · 7-27-48
- 7-27-49 · 7-27-49
- 7-27-50 · Capital development and reserve fund
- 7-27-51 · Capital development program fund
- 7-27-52 · 7-27-52