« 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
Effected JurisdictionCity of Albuquerque
Jurisdiction type: Municipality
Fiscal year ending In2018
Program nameIndustrial Revenue Bond Projects
Program purpose: General Economic Development
Statutory authority: State of New Mexico Statutes Article 32; City of Albuquerque Code of Ordinances § 3-2-15
Abating jurisdiction(s): City of Albuquerque
Applicable taxesProperty Tax; Various State Taxes
Method of abatement: (not specified)
Provisions for recapture: (not specified)
Gross revenue loss: $477,149
Reimbursement / offset: $38,356
Net revenue loss: $438,793
Type of loss: Active
Additional notes on dislosureReimbursement is PILOT; breakdown by companies available via URL
Document sourcehttps://www.cabq.gov/dfa/treasury/investor-information/comprehensive-ann...