Statutes > New Mexico Statutes > Chapter 7 - Taxation. > Article 20C - Local Hospital Gross Receipts Tax, 7-20C-1 through 7-20C-17. > Section 7-20C-13 - Revenue bonds; exemption from taxation.

Section 7-20C-13 - Revenue bonds; exemption from taxation.

7-20C-13. Revenue bonds; exemption from taxation.

The local hospital revenue bonds issued under authority of the Local Hospital Gross Receipts Tax Act [7-20C-1 NMSA 1978] and the income from the bonds shall be exempt from all taxation by the state or any political subdivision of the state.