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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 JurisdictionDeming Public School District
Jurisdiction type: School District
Fiscal year ending In2019
Program nameIndustrial Revenue Bonds (IRB)
Program purpose: General Economic Development
Statutory authority: Â¬â€ Industrial Revenue Bond Act 4‚Äê59‚Äê1 to 4‚Äê59‚Äê16 NMSA 1979
Abating jurisdiction(s): Luna County
Applicable taxesProperty tax
Method of abatement: (not specified)
Provisions for recapture: County will take legal action for unpaid amount due
Gross revenue loss: $22,115
Reimbursement / offset: $14,048
Net revenue loss: $8,067
Type of loss: Passive
Additional notes on dislosureRecipient of abatement is TPE Luna LLC