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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateNew Mexico
Reporting JurisdictionRio Rancho
Jurisdiction typeMunicipality
Fiscal year ending In2020
Program nameThe Village at Rio Rancho Tax Increment Development District
Program purposeGeneral economic development
Statutory authorityTax Increment Development Act, Sections 5-15-1, et seq. NMSA 1978 as amended.
Abating jurisdiction(s)Rio Rancho, New Mexico
Applicable taxesGross Receipts Tax
Method of abatementTax diversion
Provisions for recapture(no provisions for recapture)
Gross revenue lossnot reported
Reimbursement / offsetnot reported
Net revenue lossnot reported
Type of lossActive
Additional notes on dislosure(none)