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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 JurisdictionElida Municipal School District
Jurisdiction type: School District
Fiscal year ending In2019
Program nameIndustrial Revenue Bonds (IRB)
Program purpose: General Economic Development
Statutory authority: Industrial Revenue Bond Act, NMSA 1978, sections 4-59-1 to 4-59-16 (1975, as amended through 2015)
Abating jurisdiction(s): Roosevelt County
Applicable taxesProperty Tax
Method of abatement: (not specified)
Provisions for recapture: (not specified)
Gross revenue loss: $1,837
Reimbursement / offset: $75,000
Net revenue loss: $0
Type of loss: Passive
Additional notes on dislosureRecipient of abatement is Milo Wind Project, LLC, a Delaware limited liability company