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)