« 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 In2019
Program nameTax Abatement Program - Industrial Revenue Bonds
Program purpose: General Economic Development (IRB)
Statutory authority: Article 32 NMSA 1978 and City ordinance 3-2-15
Abating jurisdiction(s): Albuquerque, New Mexico
Applicable taxesProperty Tax
Method of abatement: Payment In Lieu of Taxes (PILOT)
Provisions for recapture: (not specified)
Gross revenue loss: $177,110
Reimbursement / offset: $16,970
Net revenue loss: $160,140
Type of loss: Active
Additional notes on dislosureProvided breakdown by named recipients
Document sourcehttps://www.cabq.gov/dfa/treasury/investor-information/comprehensive-ann...