Statutes > New Mexico Statutes > Chapter 16 - Parks, Recreation and Fairs. > Article 5 - Cumbres and Toltec Scenic Railroad, 16-5-1 through 16-5-13. > Section 16-5-12 - Tax exemption of interest charged on loan.

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

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

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.