New Mexico
NM
Albuquerque Municipal School District 12
School District
2020
Tax Abatement - Bernalilio County
General Economic Development
New Mexico Statutes Annotated 7-37-6; 3-45
Bernalillo County, NM
Real and Personal Property Tax
(not specified)
(not specified)
$1,104,021
$0
$1,104,021
All agreements and their recipients are listed in the CAFR.
7855
New Mexico
NM
Albuquerque Municipal School District 12
School District
2020
Tax Abatement - City of Albuquerque
General Economic Development
New Mexico Statutes Annotated 7-37-6; 3-45
Albuquerque NM
Property Tax
(not specified)
(not specified)
$168,539
$0
$168,539
Cannot be determined by the Council; the Council is not a taxing authority.
7856
New Mexico
NM
Bernalillo County
County
2020
Industrial Development Project
Industrial development
NMSA §4-59 County Industrial Revenue Bond Act and County Ordinance
Bernalillo County, New Mexico
Property Tax
Tax Exemption
Provisions are established in the agreement if termination, the company pays back abated taxes less all amounts paid or may revert to other agreements
$74,618
$38,386
$36,232
(none)
7857
New Mexico
NM
Bernalillo County
County
2020
Multi-Family Revenue Bonds
Construction/rehabilitation
NMSA §4-59 County Industrial Revenue Bond Act, NMSA §3-45 Municipal Housing Law and County Ordinance
Bernalillo County, New Mexico
Property Tax
Tax Exemption
Issuer can take possession and terminate agreement
$313,541
$50,239
$263,302
(none)
7858
New Mexico
NM
Bernalillo County
County
2020
IRB
Construction/rehabilitation
NMSA §4-59 County Industrial Revenue Bond Act, NMSA §3-45 Municipal Housing Law and County Ordinance
Bernalillo County, New Mexico
Property Tax
Tax Exemption
Issuer can take possession and terminate agreement
$181,860
$0
$181,860
(none)
7859
New Mexico
NM
Bernalillo County
County
2020
Taxable Industrial Revenue Bonds
Construction/rehabilitation
NMSA §4-59 County Industrial Revenue Bond Act and County Ordinance
Bernalillo County, New Mexico
Property Tax
Tax Exemption
Provisions are established in the agreement if termination, the company pays back abated taxes less all amounts paid or may revert to other agreements. In some agreements, the issuer can take possession and terminate agreement
$836,835
$1,292,515
$0
(none)
7860
New Mexico
NM
City of Albuquerque
Municipality
2020
Various tax abatement agreements
General Economic Development
Section 7-37-6 NMSA 1978 and Section 7-38 NMSA 1978
Bernalillo County
Real Property Tax; Personal Property Tax; Gross Receipts Tax; Compensating Tax
(not specified)
(not specified)
$925,586
$0
$925,586
(none)
https://www.cabq.gov/dfa/treasury/investor-information/comprehensive-annual-financial-reports
7861
New Mexico
NM
City of Albuquerque
Municipality
2020
Various Industrial Revenue Bonds agreements
General Economic Development
Article 32 NMSA 1978 and City ordinance 3-2-15
Albuquerque
Property Tax
Tax abatement; Tax Credit
(not specified)
$171,394
$16,993
$154,401
(none)
https://www.cabq.gov/dfa/treasury/investor-information/comprehensive-annual-financial-reports
7862
New Mexico
NM
City of Las Cruces
Municipality
2020
Community Development Incentive Act
Business attraction/retention/expansion
New Mexico Statutes Annotated 1978 3-64-1 through 3-64-5
Las Cruces, New Mexico
Property Tax
(not specified)
(not specified)
$113,853
$0
$113,853
(none)
https://www.las-cruces.org/Archive.aspx?AMID=37
7863
New Mexico
NM
City of Rio Rancho
Municipality
2020
Titan City Center, LLC Project - Industrial Revenue Bonds Series 2009
General Economic Development
Sections 3-32-1 through 3-32-16, NMSA 1978 Annotated, Exempt from Property Tax under Section 7-36-3(A) NMSA 1978 Annotated
Rio Rancho, New Mexico
Property Tax
Payment In Lieu of Taxes (PILOT)
by agreement
$136,068
$0
$136,068
(none)
7864
New Mexico
NM
City of Rio Rancho
Municipality
2020
Petroglyph Real Estate Development Gross Receipts Investment Policy Agreement
General Economic Development
City of Rio Rancho Gross Receipts Investment Policy Ordinance, Section 36.77(A)
Rio Rancho, New Mexico
Gross Receipts Tax
Tax refund
(no provisions for recapture)
$95,349
$0
$95,349
(none)
7865
New Mexico
NM
City of Rio Rancho
Municipality
2020
Stonegate Tax Increment Development District
General Economic Development
Tax Increment Development Act, Sections 5-15-1, et seq. NMSA 1978 as amended.
Rio Rancho, New Mexico
Gross Receipts Tax
Tax diversion
(no provisions for recapture)
$53,647
$0
$53,647
(none)
7866
New Mexico
NM
City of Rio Rancho
Municipality
2020
Call, LLC Project - Industrial Revenue Bonds Series 1998A
General Economic Development
Sections 3-32-1 through 3-32-16, NMSA 1978 Annotated, Exempt from Property Tax under Section 7-36-3(A) NMSA 1978 Annotated
Rio Rancho, New Mexico
Property Tax
Payment In Lieu of Taxes (PILOT)
(not specified)
$49,304
$0
$49,304
(none)
7867
New Mexico
NM
City of Rio Rancho
Municipality
2020
Bank America - Industrial Revenue Bonds Series 1998B
General Economic Development
Sections 3-32-1 through 3-32-16, NMSA 1978 Annotated, Exempt from Property Tax under Section 7-36-3(A) NMSA 1978 Annotated
Rio Rancho, New Mexico
Property Tax
Payment In Lieu of Taxes (PILOT)
If the company ceases operation of the Facility within five years of the issuance of the Bonds, the Company will pay an amount equal to that percentage of the amount of taxes it would have been required to pay if the bonds had not been issued other than with respect to the Rio Rancho School District. Amount is calculated using mill levies and actual property tax valuations for each tax year.
$36,898
$0
$36,898
(none)
https://www.rrnm.gov/436/Financial-Statements
7868
New Mexico
NM
City of Roswell
Municipality
2020
Christmas by Krebs - IRB
General Economic Development
(not specified)
Property tax
IRB
(no provisions for recapture)
$50,000
$0
$50,000
(none)
7869
New Mexico
NM
City of Roswell
Municipality
2020
Leprino Foods Company
General Economic Development
(not specified)
Property tax
IRB
(no provisions for recapture)
$300,000
$0
$300,000
(none)
7870
New Mexico
NM
City of Roswell
Municipality
2020
Sunrise Energy Ventures New Mexico, LLC
General Economic Development
(not specified)
Property tax
IRB
(no provisions for recapture)
$25,000
$0
$25,000
(none)
7871
New Mexico
NM
City of Santa Fe
Municipality
2020
Ridgetop Road, LLC IRB
General Economic Development
NMSA 1978, Sections 3-32-1 to 3-32-16, Industrial Revenue Bond Act.
City of Santa Fe, New Mexico
Property Tax
Tax Abatement
Yes
$563,980
$0
$563,980
Industrial Revenue Bond for the construction of the Thornburg Campus. $65,340.25, which was paid to the Santa Fe Public Schools per lease amendment.
https://www.santafenm.gov/financial_reports_1
7872
New Mexico
NM
Dona Ana County
County
2020
Industrial Revenue Bonds
General Economic Development
(not specified)
Dona Ana County
Property Tax
(not specified)
(not specified)
$366,970
$110,403
$256,567
(none)
7873
New Mexico
NM
Gadsden Independent School District 16
School District
2020
Moarch Litho Inc, IRB
General Economic Development
Industrial Revenue Bond Act, Section 4‚Äê59‚Äê1 to 4‚Äê 59‚Äê16 NMSA 1978
Dona Ana County
Real and Personal Property Tax
(not specified)
(not specified)
$46,296
$26,963
$19,333
All agreements and their recipients are listed in the CAFR.
7874
New Mexico
NM
Gadsden Independent School District 16
School District
2020
MCS Realty Partners, LLC - IRB
General Economic Development
Industrial Revenue Bond Act, Section 4‚Äê59‚Äê1 to 4‚Äê 59‚Äê16 NMSA 1978
Dona Ana County
Real and Personal Property Tax
(not specified)
(not specified)
$59,304
$0
$59,304
All agreements and their recipients are listed in the CAFR.
7875
New Mexico
NM
New Mexico
State
2020
Film Production Tax Credit
Film, TV, and/or media
Section Section 7-2F-6 NMSA 19787-9-114 NMSA 1978
State of New Mexico
Personal or Corporate Income Tax
Tax Credit
(not specified)
$55,600,000
$0
$55,600,000
(none)
https://www.nmdfa.state.nm.us/new-mexico-annualreport/
7876
New Mexico
NM
Rio Rancho Public School District 94
School District
2020
Industrial Revenue Bonds (IRB)
General Economic Development
Property Tax Code New Mexico Statutes Annotated 7, 35 to 7,38
Sandoval County
Real and personal Property Tax
Tax Abatement
(not specified)
$3,329,625
$0
$3,329,625
(none)
7877
New Mexico
NM
Rio Rancho Public School District 94
School District
2020
Industrial Revenue Bonds (IRB)
General Economic Development
Property Tax Code New Mexico Statutes Annotated 7, 35 to 7,41
City of Rio Rancho
Property Tax
Tax Abatement
(not specified)
$235,558
$235,558
$0
(none)
7878
New Mexico
NM
San Juan County
County
2020
Industrial Revenue Bond
General Economic Development
(not specified)
San Juan County
Property Tax
(not specified)
Yes
At June 30, 2020, the County had one taxable industrial revenue bond project that resulted in an abatement of taxes less than $50,000. For the nature of the abatement having been under the quantitative threshold and considering the immaterial nature of the abatement, the County did not need to report the abatement within the Notes under the guidelines of the Statement.
7879
New Mexico
NM
Sandoval County
County
2020
Industrial Revenue Bonds - Intel Corp.
General Economic Development
County Revenue Bond Act (Sections 4-62-1 through 4-62-10, NMSA 1978 as amended); the County Industrial Revenue Bond Act (Sections 4-59-1 through 4-59-16, NMSA 1978, as amended); the County Pollution Control Revenue Bond Act (Sections 4-60-1 through 4-60-15, NMSA 1978 as amended); Municipal Housing law (Sections 3-45-1 through 3-45-25, NMSA 1978, as amended); and the Home Rule County Validation Act (Sections 4-37-10 through 4-37-13, NMSA 1978, as amended.
Sandoval County
Property Tax on real property and personal property used in business
Tax Abatement
Prior to December 31, 2014, Intel Corportation was obligated to pay "Contingent PILOT" payments if the entire principal amount of the bonds had been disbursed, or if at least $10,000,000,000 had been disbursed by December 31, 2014. The amount and scheduling of the payment was dependent on how much of the balance had been disbursed as of that date. The County and Intel Corporation signed a First Lease Amendment dated 6/2/2019, to the Lease Agreement, pursuant to County Oridinance 4-25-19.10 that provides for an extension of the time period for Intel to spend proceeds from the IRB until October 24, 2024. In exchange Intel shall pay the County an additional $1,000,000 in December of 2020 and 2021 and $500,000 in December of 2022 and 2023.
$9,516,403
$9,150,000
$366,403
(none)
7880
New Mexico
NM
Sandoval County
County
2020
Industrial Revenue Bonds - Bank of America
General Economic Development
County Revenue Bond Act (Sections 4-62-1 through 4-62-10, NMSA 1978 as amended); the County Industrial Revenue Bond Act (Sections 4-59-1 through 4-59-16, NMSA 1978, as amended); the County Pollution Control Revenue Bond Act (Sections 4-60-1 through 4-60-15, NMSA 1978 as amended); Municipal Housing law (Sections 3-45-1 through 3-45-25, NMSA 1978, as amended); and the Home Rule County Validation Act (Sections 4-37-10 through 4-37-13, NMSA 1978, as amended.
Rio Rancho NM
Property Tax on real property and personal property used in business
Tax Abatement
Prior to December 31, 2014, Intel Corportation was obligated to pay "Contingent PILOT" payments if the entire principal amount of the bonds had been disbursed, or if at least $10,000,000,000 had been disbursed by December 31, 2014. The amount and scheduling of the payment was dependent on how much of the balance had been disbursed as of that date. The County and Intel Corporation signed a First Lease Amendment dated 6/2/2019, to the Lease Agreement, pursuant to County Oridinance 4-25-19.10 that provides for an extension of the time period for Intel to spend proceeds from the IRB until October 24, 2024. In exchange Intel shall pay the County an additional $1,000,000 in December of 2020 and 2021 and $500,000 in December of 2022 and 2023.
$39,607
$0
$39,607
(none)
7881
New Mexico
NM
Sandoval County
County
2020
Industrial Revenue Bonds - Call, LLC
General Economic Development
County Revenue Bond Act (Sections 4-62-1 through 4-62-10, NMSA 1978 as amended); the County Industrial Revenue Bond Act (Sections 4-59-1 through 4-59-16, NMSA 1978, as amended); the County Pollution Control Revenue Bond Act (Sections 4-60-1 through 4-60-15, NMSA 1978 as amended); Municipal Housing law (Sections 3-45-1 through 3-45-25, NMSA 1978, as amended); and the Home Rule County Validation Act (Sections 4-37-10 through 4-37-13, NMSA 1978, as amended.
Rio Rancho NM
Property Tax
Tax Abatement
Prior to December 31, 2014, Intel Corportation was obligated to pay "Contingent PILOT" payments if the entire principal amount of the bonds had been disbursed, or if at least $10,000,000,000 had been disbursed by December 31, 2014. The amount and scheduling of the payment was dependent on how much of the balance had been disbursed as of that date. The County and Intel Corporation signed a First Lease Amendment dated 6/2/2019, to the Lease Agreement, pursuant to County Oridinance 4-25-19.10 that provides for an extension of the time period for Intel to spend proceeds from the IRB until October 24, 2024. In exchange Intel shall pay the County an additional $1,000,000 in December of 2020 and 2021 and $500,000 in December of 2022 and 2023.
$52,923
$0
$52,923
(none)
7882
New Mexico
NM
Sandoval County
County
2020
Industrial Revenue Bonds - Titan City Center, LLC
General Economic Development
Property Tax Code NMSA Chapter 7 Articles 35-38
City of Rio Rancho
Property Tax
Tax Abatement
(not specified)
$146,057
$0
$146,057
(none)
7883
New Mexico
NM
Santa Fe County
County
2020
Industrial Revenue Bond Series 2007 for the Ridgetop Road, LLC Project
General Economic Development
(not specified)
Santa Fe, NM
Property Tax
Tax Abatement
(not specified)
$240,306
$0
$240,306
(none)
7884
30