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 Territory: | New Mexico |
Effected Jurisdiction: | City of Albuquerque |
Jurisdiction type: | Municipality |
Fiscal year ending In: | 2020 |
Program name: | Various tax abatement agreements |
Program purpose: | General Economic Development |
Statutory authority: | Section 7-37-6 NMSA 1978 and Section 7-38 NMSA 1978 |
Abating jurisdiction(s): | Bernalillo County |
Applicable taxes: | Real Property Tax; Personal Property Tax; Gross Receipts Tax; Compensating Tax |
Method of abatement: | (not specified) |
Provisions for recapture: | (not specified) |
Gross revenue loss: | $925,586 |
Reimbursement / offset: | $0 |
Net revenue loss: | $925,586 |
Type of loss: | Passive |
Additional notes on dislosure: | (none) |
Document source: | https://www.cabq.gov/dfa/treasury/investor-information/comprehensive-ann... |