San Juan County Industrial Revenue Bonds (IRB’s)

Industrial Revenue Bonds (IRBs) provide financing of land, buildings, furniture, fixtures, and equipment. This can provide for a certain degree of tax exemption/abatement on purchases of the assets.

San Juan County has approved IRBs in amounts ranging from $15,000,000 to $70,000,000 for the energy industry investment. However, San Juan County’s IRB policy (consistent with State law) is not restricted to any one industry. The County can also abate property taxes on personal property (equipment, furnishings, machinery).

Category: Taxes, Business

More Taxes, Business

A taxpayer who is an eligible employer may apply for and receive a tax credit for each new high-wage economic-base job. The credit amount equals 8 1/2% of the wages and benefits paid for each new economic-base job created, up to $12,750 per job. Learn More
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This credit can be applied to taxes due on state gross receipts, corporate income or personal income tax. Rural New Mexico is defined as any part of the state other than Los Alamos County; certain municipalities: Albuquerque, Rio Rancho, Farmington, Las Cruces, Roswell, and Sant... Learn More