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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 Albuquerque
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameVarious 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 taxesReal Property Tax; Personal Property Tax; Gross Receipts Tax; Compensating Tax
Method of abatement: (not specified)
Provisions for recapture: (not specified)
Gross revenue loss: $474,308
Reimbursement / offset: $0
Net revenue loss: $474,308
Type of loss: Passive
Additional notes on dislosure(none)
Document sourcehttps://www.cabq.gov/dfa/documents/6004-city-of-albuquerque-fy22-acfr-fi...