{"data":{"id":"us-nm/7-36-3.2","jurisdiction":"us-nm","citation":"7-36-3.2","heading":"Enterprise zone property; tax status of lessee's interests.","body":"Property interests of a lessee in project property held under a lease with respect to a project authorized by the Enterprise Zone Act [5-9-1 to 5-9-15 NMSA 1978] and acquired or held by a local government are exempt from property taxation for a period not to exceed ten years from the date of execution of the first lease of the project by the local government.","path":["Chapter 7 - Taxation","ARTICLE 36 Valuation of Property"],"source_url":"https://nmonesource.com/nmos/nmsa-unanno/en/item/18507/index.do","current_through":"2026-07-01","vintage":"","retrieved_at":"2026-09-03T15:02:19Z","sha256":"0b690ec51ef32e1343fc5920a5ee5d33d949701e4ef1a919e5815db4da223941","source_id":"us-nm","stale":false,"prev":"us-nm/7-36-3.1","next":"us-nm/7-36-4"},"notice":"GroundRules: Original legal text. Not legal advice."}