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)