« Return to search form

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 Public School District 94
Jurisdiction type: School district
Fiscal year ending In2019
Program nameIndustrial Revenue Bonds (IRB)
Program purpose: General Economic Development
Statutory authority: Property Tax Code New Mexico Statutes Annotated 7, 35 to 7,39
Abating jurisdiction(s): City of Rio Rancho
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $39,108
Reimbursement / offset: $39,108
Net revenue loss: $0
Type of loss: Passive
Additional notes on dislosureProperty leased by Bank of America; the proceeds of which will be used to finance the acquisition and construction of property