Statutes > New Mexico Statutes > Chapter 58 - Financial Institutions and Regulations. > Article 18A - Municipal Mortgage Finance, 58-18A-1 through 58-18A-12. > Section 58-18A-11 - Exemption from taxation.

Section 58-18A-11 - Exemption from taxation.

58-18A-11. Exemption from taxation.

The bonds authorized by the Municipal Mortgage Finance Act [58-18A-1 NMSA 1978] and the income from the bonds shall be exempt from all taxation by the state or any political subdivision thereof, subject to the provisions of the Banking and Financial Corporations Tax Act.