N.M. Stat. Ann. § 16-5-12 – Tax exemption of interest charged on loan | Midpage
§ 16-5-12
N.M. Stat. Ann. § 16-5-12
Tax exemption of interest charged on loan
Laws 1989, ch. 26, § 6.State of New Mexico
Any interest charged and collected by a financial institution for extending a loan to the commission is exempt from all taxes imposed by the state and its political subdivisions.