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.
State: | New Mexico |
Effected Jurisdiction: | New Mexico |
Jurisdiction type: | State |
Fiscal year ending In: | 2018 |
Program name: | Advanced Energy Deduction -- Gross Receipts and Compensating Taxes |
Program purpose: | Energy production |
Statutory authority: | Section 7-9-114 NMSA 1978 |
Abating jurisdiction(s): | State of New Mexico |
Applicable taxes: | Gross Receipts Tax |
Method of abatement: | Tax deduction |
Provisions for recapture: | (no provisions for recapture) |
Gross revenue loss: | $500,000 |
Reimbursement / offset: | $0 |
Net revenue loss: | $500,000 |
Type of loss: | Active |
Additional notes on dislosure: | Recipients are not disclosed due to confidentiality |
Document source: | https://www.nmdfa.state.nm.us/new-mexico-annualreport/ |