N.M. Stat. Ann. § 6-35-11
The bonds authorized by the State Fairgrounds District 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.
History: Laws 2025, ch. 83, § 11.
Effective dates. — Laws 2025, ch. 83, § 18 made Laws 2025, ch. 83, § 11 effective July 1, 2025.