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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.

Effected JurisdictionCity of Detroit
Jurisdiction type: Municipality
Fiscal year ending In2019
Program nameIndustrial Facilities Tax (IFT)
Program purpose: Industrial development
Statutory authority: Act 198 of 1974
Abating jurisdiction(s): Detroit, Michigan
Applicable taxes(not specified)
Method of abatement: Tax Exemption
Provisions for recapture: (not specified)
Gross revenue loss: $426,216
Reimbursement / offset: $0
Net revenue loss: $426,216
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://detroitmi.gov/departments/office-chief-financial-officer/financi...