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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 JurisdictionPontiac
Jurisdiction type: Municipality
Fiscal year ending In2020
Program nameNew Personal Property Tax Exemption Act
Program purpose: Business attraction/retention/expansion
Statutory authority: Public Act 328 of 1998
Abating jurisdiction(s): Pontiac
Applicable taxesProperty Tax
Method of abatement: Tax Exemption
Provisions for recapture: (not specified)
Gross revenue loss: $1,670,845
Reimbursement / offset: $0
Net revenue loss: $1,670,845
Type of loss: Active
Additional notes on dislosure(none)