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Bernalillo County approves $30 million IRB for 3D Glass Solutions expansion
Summary
The Board of County Commissioners unanimously adopted an ordinance authorizing a $30 million industrial revenue bond for 3D Glass Solutions to buy manufacturing equipment, exempting the equipment from gross receipts and personal property taxes for 10 years.
Bernalillo County commissioners on March 11 unanimously approved an ordinance to induce a $30 million industrial revenue bond for 3D Glass Solutions Inc., a local maker of glass-ceramic components used in semiconductor and telecommunications manufacturing. Ms. Tobias, economic development staff, presented the proposal and answered commissioners' questions.
The ordinance authorizes an equipment-only IRB with a 10-year term that will exempt the company from gross receipts tax and personal property tax on the…
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