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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 JurisdictionSandoval County
Jurisdiction type: County
Fiscal year ending In2021
Program nameIndustrial Revenue Bonds - Rio Rancho City
Program purpose: General Economic Development
Statutory authority: NMSA 1978 Section 7-38-17
Abating jurisdiction(s): City of Rio Rancho
Applicable taxesGross Receipts Tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $260,558
Reimbursement / offset: $0
Net revenue loss: $260,558
Type of loss: Passive
Additional notes on dislosure(none)