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: 
2019
Program name: 
Petroglyph Real Estate Development Gross Receipts Investment Policy Agreement
Program purpose
Economic development
Statutory authority
City of Rio Rancho Gross Receipts Investment Policy Ordinance, Section 36.77(A)
Abating jurisdiction(s)
Rio Rancho, New Mexico
Applicable taxes: 
Gross Receipts Tax
Method of abatement
Tax refund
Provisions for recapture
(no provisions for recapture)
Gross revenue loss
$97,791
Reimbursement / offset
$0
Net revenue loss
$97,791
Type of loss
Active
Additional notes on dislosure: 
(none)