Section 16-5-12 - Tax exemption of interest charged on loan.

NM Stat § 16-5-12 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Any interest charged and collected by a financial institution for extending a loan to the commission is exempt from all taxes imposed by the state and its political subdivisions.

History: Laws 1989, ch. 26, § 6.