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:
The Village at Rio Rancho Tax Increment Development District
Program purpose:
Economic development
:
Statutory authority:
Tax Increment Development Act, Sections 5-15-1, et seq. NMSA 1978 as amended.
:
Abating jurisdiction(s):
Rio Rancho, New Mexico
:
Applicable taxes:
Gross Receipts Tax
Method of abatement:
Tax diversion
:
Provisions for recapture:
(no provisions for recapture)
:
Gross revenue loss:
$1,410
:
Reimbursement / offset:
$0
:
Net revenue loss:
$1,410
:
Type of loss:
Active
:
Additional notes on dislosure:
(none)
