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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 JurisdictionSan Juan County
Jurisdiction type: County
Fiscal year ending In2021
Program nameIndustrial Revenue Bond
Program purpose: General Economic Development
Statutory authority: (not specified)
Abating jurisdiction(s): San Juan County
Applicable taxesProperty Tax
Method of abatement: (not specified)
Provisions for recapture: Yes
Gross revenue loss: not reported
Reimbursement / offset: not reported
Net revenue loss: not reported
Type of loss: Active
Additional notes on dislosureAt June 30, 2021, the County had one taxable industrial revenue bond (IRB) project that resulted in an abatement of taxes less than $50,000. It additionally closed on a new IRB during the fiscal year; however, no value was taxed during the reporting period. For the nature of the abatement having been under the quantitative threshold and considering the immaterial nature of the abatement, the County did not need to report the abatement within the Notes under the guidelines of the Statement.