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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 JurisdictionCity of Grand Rapids
Jurisdiction type: Municipality
Fiscal year ending In2021
Program nameRenaissance Zones
Program purpose: Job Creation/Retention
Statutory authority: Public Act 376 of 1996, as amended; MCL 125.2681 et seq . And City Commission Policy 900-48
Abating jurisdiction(s): Grand Rapids
Applicable taxesReal Property Tax; Personal Property Tax; Income Tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $158,818
Reimbursement / offset: $0
Net revenue loss: $158,818
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.grandrapidsmi.gov/Government/Departments/Office-of-the-City-...