State Codes and Statutes
Statutes > New-mexico > Chapter-7 > Article-36 > Section-7-36-3-27-36-3.2. Enterprise zone property; tax status of lessee's interests.
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 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.
