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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 JurisdictionLos Lunas School District
Jurisdiction type: School District
Fiscal year ending In2019
Program nameIndustrial Revenue Bonds (IRB)
Program purpose: General Economic Development
Statutory authority: New Mexico Statutes Annotated 1978 3-32-1 to 3-32-17
Abating jurisdiction(s): Village of Los Lunas
Applicable taxesProperty Tax
Method of abatement: (not specified)
Provisions for recapture: (N/A - no programs in 2019)
Gross revenue loss: $50,000
Reimbursement / offset: $0
Net revenue loss: $50,000
Type of loss: Passive
Additional notes on dislosureRecipient of abatement Walmart Stores East, Inc. Project-Series 1997; $50,000,000