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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 Pontiac
Jurisdiction type: Municipality
Fiscal year ending In2021
Program nameNew Personal Property Exemption
Program purpose: General Economic Development
Statutory authority: Public Act 328 of 1998
Abating jurisdiction(s): City of Pontiac
Applicable taxesProperty Tax
Method of abatement: Tax Abatement
Provisions for recapture: (not specified)
Gross revenue loss: $1,958,320
Reimbursement / offset: $0
Net revenue loss: $1,958,320
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://cms3.revize.com/revize/pontiacminew/Document%20Center/Department...