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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.

State or TerritoryNew Mexico
Effected JurisdictionCity of Albuquerque
Jurisdiction type: Municipality
Fiscal year ending In2017
Program nameHotel Parq IRB
Program purpose: Job Creation/Retention
Statutory authority: (not specified)
Abating jurisdiction(s): Albuquerque
Applicable taxesProperty/Other State Tax
Method of abatement: (not specified)
Provisions for recapture: Yes
Gross revenue loss: $40,755
Reimbursement / offset: $5,936
Net revenue loss: $34,819
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.cabq.gov/dfa/treasury/investor-information/comprehensive-ann...