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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
Effected JurisdictionCity of Albuquerque
Jurisdiction type: Municipality
Fiscal year ending In2018
Program nameVarious agreements entered into by Bernalillo County
Program purpose: General Economic Development (IRB)
Statutory authority: State of New Mexico Statutes Article 32; City of Albuquerque Code of Ordinances § 3-2-15
Abating jurisdiction(s): Bernalillo County
Applicable taxesReal Property Tax; Personal Property Tax; Gross Receipts and Compensating Tax
Method of abatement: (not specified)
Provisions for recapture: (not specified)
Gross revenue loss: $602,021
Reimbursement / offset: $0
Net revenue loss: $602,021
Type of loss: Passive
Additional notes on dislosure(none)
Document sourcehttps://www.cabq.gov/dfa/treasury/investor-information/comprehensive-ann...