Statutes > New Mexico Statutes > Chapter 3 - Municipalities. > Article 50 - Municipal Parking, 3-50-1 through 3-50-22. > Section 3-50-18 - Bonds; exemption from taxation.

Section 3-50-18 - Bonds; exemption from taxation.

3-50-18. Bonds; exemption from taxation.

Bonds and other evidences of indebtedness issued under the provisions of the Municipal Parking Law [3-50-1 to 3-50-22 NMSA 1978] shall forever be and remain free and exempt from taxation by this state or any subdivision thereof.