State Codes and Statutes
Statutes > New-mexico > Chapter-72 > Article-18 > Section-72-18-6872-18-68. Securities and income exempt.
Securities issued under the Flood Control District Act [72-18-1 to 72-18-70 NMSA 1978] and the income therefrom are exempt from taxation by the district and any public body, except transfer, inheritance and estate taxes.