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:
New Mexico
Reporting Jurisdiction:
Rio Rancho
Jurisdiction type
:
Municipality
:
Fiscal year ending In:
2020
Program name:
Titan City Center, LLC Project - Industrial Revenue Bonds Series 2009
Program purpose:
Economic development
:
Statutory authority:
Sections 3-32-1 through 3-32-16, NMSA 1978 Annotated, Exempt from Property Tax under Section 7-36-3(A) NMSA 1978 Annotated
:
Abating jurisdiction(s):
Rio Rancho, New Mexico
:
Applicable taxes:
Property Tax
Method of abatement:
Payment in lieu of Taxes (PILOT); Tax exemption
:
Provisions for recapture:
by agreement
:
Gross revenue loss:
$136,068
:
Reimbursement / offset:
$0
:
Net revenue loss:
$136,068
:
Type of loss:
Active
:
Additional notes on dislosure:
(none)
