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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 Rio Rancho
Jurisdiction type: Municipality
Fiscal year ending In2021
Program nameLos Diamantes Tax Increment Development District
Program purpose: General Economic Development
Statutory authority: Tax Increment Development Act, Sections 5-15-1, et seq. NMSA 1978 as amended.
Abating jurisdiction(s): Rio Rancho, New Mexico
Applicable taxesGeneral purposes municipal GRT, municipal infrastructure GRT, and state shared grt generated within the District and distributed to the City
Method of abatement: Tax Abatement
Provisions for recapture: (no provisions for recapture)
Gross revenue loss: $2,715
Reimbursement / offset: $0
Net revenue loss: $2,715
Type of loss: Active
Additional notes on dislosure(none)