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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.

StateMichigan
Effected JurisdictionCity of Grand Rapids
Jurisdiction type: Municipality
Fiscal year ending In2021
Program nameNew Personal Property Exemption
Program purpose: Capital investment
Statutory authority: Public Act 328 of 1998, as amended, MCL 211.9f and City Commission Policy 900-38
Abating jurisdiction(s): Grand Rapids
Applicable taxesPersonal Property Tax
Method of abatement: Tax Exemption
Provisions for recapture: The recipient is required to pay back some or all of the benefits received.
Gross revenue loss: $240,181
Reimbursement / offset: $0
Net revenue loss: $240,181
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.grandrapidsmi.gov/Government/Departments/Office-of-the-City-...