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: | City of Albuquerque |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2022 |
| Program name: | Various tax abatement agreements |
| Program purpose: | General Economic Development |
| Statutory authority: | Section 7-37-6 NMSA 1978 and Section 7-38 NMSA 1978 |
| Abating jurisdiction(s): | Bernalillo County |
| Applicable taxes: | Real Property Tax; Personal Property Tax; Gross Receipts Tax; Compensating Tax |
| Method of abatement: | (not specified) |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $474,308 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $474,308 |
| Type of loss: | Passive |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.cabq.gov/dfa/documents/6004-city-of-albuquerque-fy22-acfr-fi... |
