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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 nameMEGA Employment Credit Program
Program purpose: Job Creation/Retention
Statutory authority: Public Act 39 of 2011; MCL Sections 207.801 - 207.810 and 208.1431
Abating jurisdiction(s): State of Michigan
Applicable taxesMichigan Business Tax (MBT)
Method of abatement: Tax Credit
Provisions for recapture: As determined by MEGA, the taxpayer may have its credit reduced or terminated, or have a percentage of the credit amount previously claimed added back to the tax liability of the taxpayer in the tax year that the taxpayer: fails to meet the requirements for the credit; violates any conditions included in the agreement entered with MEGA; removes any of the qualified new jobs from Michigan during the term of the written agreement and for a period of years after the term of the written agreement
Gross revenue loss: $510,400,000
Reimbursement / offset: $0
Net revenue loss: $510,400,000
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.michigan.gov/budget/fiscal-pages/reports/annual-comprehensiv...