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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 nameMulti-Family Revenue Bonds
Program purpose: General Economic Development
Statutory authority: NMSA 5-59; NMSA 3-45
Abating jurisdiction(s): Bernalillo County
Applicable taxesReal and Personal Property Tax
Method of abatement: Tax Exemption
Provisions for recapture: Issuer can take possession and terminate agreement
Gross revenue loss: $1,654,543
Reimbursement / offset: $19,550
Net revenue loss: $1,634,993
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://realfile3c460d83c0384308afbabb48bf782dc2.s3.amazonaws.com/14ba3e...