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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 JurisdictionMichigan
Jurisdiction type: State
Fiscal year ending In2018
Program nameMEGA Poly-Silicon Energy Cost Credit Program
Program purpose: Technology (semiconductor)
Statutory authority: Public Act 39 of 2011 MCL Sections 207.801 - 207.810 and 208.1432
Abating jurisdiction(s): State of Michigan
Applicable taxesMichigan Business Tax
Method of abatement: Tax Credit
Provisions for recapture: (no provisions for recapture)
Gross revenue loss: $23,400,000
Reimbursement / offset: $0
Net revenue loss: $23,400,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.michigan.gov/budget/fiscal-pages/reports/annual-comprehensiv...