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.
| State: | New Mexico |
| Effected Jurisdiction: | Bernalillo County |
Jurisdiction type: | County |
| Fiscal year ending In: | 2022 |
| Program name: | Taxable Industrial Revenue Bonds |
| Program purpose: | General Economic Development |
| Statutory authority: | NMSA 5-59 |
| Abating jurisdiction(s): | Bernalillo County |
| Applicable taxes: | Real 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: | $3,485,613 |
| Reimbursement / offset: | $553,840 |
| Net revenue loss: | $2,931,773 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://realfile3c460d83c0384308afbabb48bf782dc2.s3.amazonaws.com/b5abbe... |
