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Section 7-36-3.2 - Enterprise zone property; tax status of lessee's interests.

NM Stat § 7-36-3.2 (2019) (N/A)
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Property interests of a lessee in project property held under a lease with respect to a project authorized by the Enterprise Zone Act [5-9-1 to 5-9-15 NMSA 1978] and acquired or held by a local government are exempt from property taxation for a period not to exceed ten years from the date of execution of the first lease of the project by the local government.

History: 1978 Comp., § 7-36-3.2, enacted by Laws 1993, ch. 33, § 16.

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Section 7-36-3.1 - Metropolitan redevelopment property; tax status of lessee's interests.
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Section 7-36-4 - Fractional property interests; definitions; taxation and valuation of fractional interests.