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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 nameTaxable Industrial Revenue Bonds
Program purpose: Construction/rehabilitation
Statutory authority: NMSA §4-59 County Industrial Revenue Bond Act and County Ordinance
Abating jurisdiction(s): Bernalillo County, New Mexico
Applicable taxesProperty Tax
Method of abatement: Tax Exemption
Provisions for recapture: Provisions are established in the agreement if termination, the company pays back abated taxes less all amounts paid or may revert to other agreements. In some agreements, the issuer can take possession and terminate agreement
Gross revenue loss: $884,076
Reimbursement / offset: $1,270,299
Net revenue loss: $0
Type of loss: Active
Additional notes on dislosure(none)