{"data":{"id":"us-nm/6-15a-13","jurisdiction":"us-nm","citation":"6-15A-13","heading":"Tax exemption.","body":"The state covenants with the purchasers and all subsequent holders and transferees of lease-purchase arrangements entered into by the local school boards, in consideration of the acceptance of and payment for the lease-purchase arrangements entered into pursuant to [the Education] Technology Equipment Act , that lease-purchase arrangements and the income from the lease-purchase arrangements shall at all times be free from taxation by the state, except for estate or gift taxes and taxes on transfers.","path":["Chapter 6 - Public Finances","ARTICLE 15A Education Technology Equipment"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18506/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"545e039a2bca1802e1ae1f1d7120532735ba123b318f6405176004b1f92a49b3","source_id":"us-nm","stale":false,"prev":"us-nm/6-15a-12","next":"us-nm/6-15a-14"},"notice":"GroundRules: Original legal text. Not legal advice."}