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: 
Albuquerque
Jurisdiction type
Municipality
Fiscal year ending In: 
2019
Program name: 
Tax Abatement Program - Industrial Revenue Bonds
Program purpose
Economic development (IRB)
Statutory authority
Article 32 NMSA 1978 and City ordinance 3-2-15
Abating jurisdiction(s)
Albuquerque, New Mexico
Applicable taxes: 
Property Tax
Method of abatement
Payment in-lieu of taxes
Provisions for recapture
(not specified)
Gross revenue loss
$177,110
Reimbursement / offset
$16,970
Net revenue loss
$160,140
Type of loss
Active
Additional notes on dislosure: 
Provided breakdown by named recipients