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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 JurisdictionOakland County
Jurisdiction type: County
Fiscal year ending In2017
Program nameIndustrial Facilities Tax Exemption (IFT)
Program purpose: Industrial development
Statutory authority: Plant Rehabilitation and Industrial Development District Act PA 198 of 1974
Abating jurisdiction(s): Oakland County, Michigan
Applicable taxesReal and Personal Property Tax
Method of abatement: Reduction in millage rate
Provisions for recapture: (not specified)
Gross revenue loss: $468,701
Reimbursement / offset: $0
Net revenue loss: $468,701
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.oakgov.com/mgtbud/budgets-reports/Pages/annual-financial.aspx