{"data":{"id":"us-nm/5-15-22","jurisdiction":"us-nm","citation":"5-15-22","heading":"Exemption from taxation.","body":"The bonds authorized by the Tax Increment for Development Act and the income from the bonds or any other instrument executed as security for the bonds shall be exempt from all taxation by the state or any political subdivision of the state.","path":["Chapter 5 - Municipalities and Counties","ARTICLE 15 Tax Increment for Development"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18447/index.do","current_through":"2025-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"9f5c0b90de61e1c47b864c20f3f9b2f822de911a1e69f49e6d4ca47a0f48f653","source_id":"us-nm","stale":false,"prev":"us-nm/5-15-21","next":"us-nm/5-15-23"},"notice":"GroundRules: Original legal text. Not legal advice."}