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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 In2021
Program nameTaxable Industrial Revenue Bonds
Program purpose: General Economic Development
Statutory authority: NMSA 5-59
Abating jurisdiction(s): Bernalillo County
Applicable taxesReal and Personal Property 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: $3,198,303
Reimbursement / offset: $1,341,776
Net revenue loss: $1,856,527
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://realfile3c460d83c0384308afbabb48bf782dc2.s3.amazonaws.com/14ba3e...