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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 In2022
Program nameTitan City Center, LLC Project - Industrial Revenue Bonds Series 2009
Program purpose: General Economic Development
Statutory authority: Sections 3-32-1 through 3-32-16, NMSA 1978 Annotated, Exempt from Property Tax under Section 7-36-3(A) NMSA 1978 Annotated
Abating jurisdiction(s): Rio Rancho, New Mexico
Applicable taxesProperty Tax
Method of abatement: Tax diversion
Provisions for recapture: (not specified)
Gross revenue loss: $144,264
Reimbursement / offset: $0
Net revenue loss: $144,264
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.rrnm.gov/DocumentCenter/View/79558/Agency-6147---City-of-Rio...