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.
| State or Territory: | Michigan |
| Effected Jurisdiction: | Byron Center School District |
Jurisdiction type: | School District |
| Fiscal year ending In: | 2019 |
| Program name: | Industrial Facilities Tax Exemptions |
| Program purpose: | Construction/rehabilitation |
| Statutory authority: | Plant Rehabilitation and Industrial Development Districts Act, PA 198 of 1974, as amended |
| Abating jurisdiction(s): | Kent County |
| Applicable taxes: | Property Tax Tax |
| Method of abatement: | Tax Exemption |
| Provisions for recapture: | The agreements entered into by each local unit include claw back provisions should the recipient of the tax abatement fail to fully meet its commitments, such as employment levels and timelines for relocation. |
| Gross revenue loss: | $207,246 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $207,246 |
| Type of loss: | Passive |
| Additional notes on dislosure: | Gross/net revenue loss an approximate amount. |
