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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
Reporting JurisdictionUtica Community School District
Jurisdiction type: School district
Fiscal year ending In2020
Program nameIndustrial Facilities Tax Exemption (IFT)
Program purpose: Construction/rehabilitation
Statutory authority: PA 198 of 1974
Abating jurisdiction(s): Various cities and townships in Michigan
Applicable taxesProperty Tax
Method of abatement: Tax Exemption
Provisions for recapture: (not specified)
Gross revenue loss: $1,572,000
Reimbursement / offset: $1,306,000
Net revenue loss: $266,000
Type of loss: Passive
Additional notes on dislosureGross revenue loss, reimbursement/offset, and net revenue loss are all approximate amounts.
Document sourcehttps://www.uticak12.org/audit20