« Return to search form

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 JurisdictionRio Rancho Public School District 94
Jurisdiction type: School District
Fiscal year ending In2023
Program nameIndustrial Revenue Bonds (IRB) - Innovation Partners LLC
Program purpose: General Economic Development
Statutory authority: Ordinance 04-19-16.7B and Ordinance 4-25-19.10
Abating jurisdiction(s): City of Rio Rancho
Applicable taxesAd valorem property tax; Gross Reciepts and Compensating Taxes
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $17,886
Reimbursement / offset: $21,014
Net revenue loss: $0
Type of loss: Passive
Additional notes on dislosure(none)
Document sourcehttps://osaconnect.osa.nm.gov/uploads/2023/3192e785-bd5f-4ced-a809-84bda...