State Codes and Statutes
Statutes > New-mexico > Chapter-72 > Article-19 > Section-72-19-9872-19-98. Securities and income therefrom exempt.
Securities issued under the Southern Sandoval County Arroyo Flood Control Act [72-19-1 to 72-19-103 NMSA 1978] and the income therefrom shall forever be and remain free and exempt from taxation by the state, the authority and any other public body, except transfer, inheritance and estate taxes.