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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 JurisdictionNew Mexico
Jurisdiction type: State
Fiscal year ending In2018
Program nameCredit for Preservation of Cultural Property - Corporate Income Tax Credit
Program purpose: Historic Preservation
Statutory authority: Section 7-2A-8.6 NMSA 1978
Abating jurisdiction(s): State of New Mexico
Applicable taxesCorporate Income Tax
Method of abatement: Tax Credit
Provisions for recapture: (no provisions for recapture)
Gross revenue loss: $166,694
Reimbursement / offset: $0
Net revenue loss: $166,694
Type of loss: Active
Additional notes on dislosureRecipients are not disclosed due to confidentiality
Document sourcehttps://www.nmdfa.state.nm.us/new-mexico-annualreport/