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: | Dona Ana County |
Jurisdiction type: | County |
| Fiscal year ending In: | 2023 |
| Program name: | Commercial Person Property Tax Abatement for SUNE EPE2, LCC |
| Program purpose: | General Economic Development |
| Statutory authority: | New Mexico's Community Development Incentive Act Statute 3-64-1 through 3-64-5 NMSA 1978 |
| Abating jurisdiction(s): | Dona Ana County |
| Applicable taxes: | Real and Personal Property Tax |
| Method of abatement: | Tax Abatement |
| Provisions for recapture: | Clawback: "In the event that the Project permanently ceases operation prior to the date that is twenty-five (25) years after the commencement of commercial operations of the Project, commercial personal property taxes that were previously abated…shall become due and payable on a proportionate basis". |
| Gross revenue loss: | $107,559 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $107,559 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.donaanacounty.org/home/showpublisheddocument/2356/6384490043... |
