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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 JurisdictionCity of Albuquerque
Jurisdiction type: Municipality
Fiscal year ending In2020
Program nameVarious Industrial Revenue Bonds agreements
Program purpose: General Economic Development
Statutory authority: Article 32 NMSA 1978 and City ordinance 3-2-15
Abating jurisdiction(s): Albuquerque
Applicable taxesProperty Tax
Method of abatement: Tax abatement; Tax Credit
Provisions for recapture: (not specified)
Gross revenue loss: $171,394
Reimbursement / offset: $16,993
Net revenue loss: $154,401
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.cabq.gov/dfa/treasury/investor-information/comprehensive-ann...