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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 JurisdictionGadsden Independent School District 16
Jurisdiction type: School District
Fiscal year ending In2023
Program nameMCS Realty Partners, LLC - IRB
Program purpose: General Economic Development
Statutory authority: Sections 4-59-1 - 4-59-16 NMSA 1978
Abating jurisdiction(s): Dona Ana County
Applicable taxesReal and Personal Property Tax
Method of abatement: Payment In Lieu of Taxes (PILOT)
Provisions for recapture: (no provisions for recapture)
Gross revenue loss: $59,414
Reimbursement / offset: $0
Net revenue loss: $59,414
Type of loss: Passive
Additional notes on dislosure(none)
Document sourcehttps://osaconnect.osa.nm.gov/uploads/2024/df4e885b-3101-46d1-b770-864ad...