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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 namePetroglyph Real Estate Development Gross Receipts Investment Policy Agreement
Program purpose: General Economic Development
Statutory authority: City of Rio Rancho Gross Receipts Investment Policy Ordinance, Section 36.77(A)
Abating jurisdiction(s): Rio Rancho, New Mexico
Applicable taxesGross Receipts Tax
Method of abatement: Tax diversion
Provisions for recapture: (no provisions for recapture)
Gross revenue loss: $21,270
Reimbursement / offset: $0
Net revenue loss: $21,270
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.rrnm.gov/DocumentCenter/View/79558/Agency-6147---City-of-Rio...