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: 
Carlsbad Municipal School District 20
Jurisdiction type
School district
Fiscal year ending In: 
2019
Program name: 
Industrial Revenue Bonds (IRB)
Program purpose
Economic development
Statutory authority
New Mexico Statutes Annotated 1978 4-59-1 et seq
Abating jurisdiction(s)
Eddy County
Applicable taxes: 
Property Tax; Gross Receipts Tax; Ad Valorem Tax
Method of abatement
(not specified)
Provisions for recapture
(not specified)
Gross revenue loss
$818,548
Reimbursement / offset
$0
Net revenue loss
$818,548
Type of loss
Passive
Additional notes on dislosure: 
(none)