N.M. Stat. § 7-36-3.2
§ 7-36-3.2. Enterprise zone property; tax status of lessee's interests
Year: 2026Length: 61 words
Property interests of a lessee in project property held under a lease with respect to a project authorized by the Enterprise Zone Act 1 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.