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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 JurisdictionBernalillo County
Jurisdiction type: County
Fiscal year ending In2019
Program nameMulti-Family Revenue Bonds
Program purpose: Construction/rehabilitation
Statutory authority: NMSA §4-59 County Industrial Revenue Bond Act, NMSA §3-45 Municipal Housing Law and County Ordinance
Abating jurisdiction(s): Bernalillo County, New Mexico
Applicable taxesProperty Tax
Method of abatement: Tax Exemption
Provisions for recapture: Issuer can take possession and terminate agreement
Gross revenue loss: $257,733
Reimbursement / offset: $27,757
Net revenue loss: $229,976
Type of loss: Active
Additional notes on dislosure(none)