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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 JurisdictionSandoval County
Jurisdiction type: County
Fiscal year ending In2022
Program nameIndustrial Revenue Bonds - Bank of America
Program purpose: General Economic Development
Statutory authority: Property Tax Code NMSA Chapter 7 Articles 35-38
Abating jurisdiction(s): City of Rio Rancho
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $39,526
Reimbursement / offset: $0
Net revenue loss: $39,526
Type of loss: Passive
Additional notes on dislosure(none)
Document sourcehttps://www.sandovalcountynm.gov/wp-content/uploads/2023/04/FY2022_Count...