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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 JurisdictionMichigan
Jurisdiction type: State
Fiscal year ending In2019
Program nameRenaissance Zone Property Tax Exemption Program
Program purpose: General Economic Development (EZ)
Statutory authority: MCL Sections 125.2681 - 125.2696 and 211.7ff
Abating jurisdiction(s): State of Michigan
Applicable taxesState Education Tax (SET)
Method of abatement: Tax Exemption
Provisions for recapture: Recapture conditions vary and only occur when expressly provided in the agreement signed by the taxpayer and MSF board.
Gross revenue loss: $4,200,000
Reimbursement / offset: $0
Net revenue loss: $4,200,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.michigan.gov/budget/fiscal-pages/reports/annual-comprehensiv...