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: | Michigan |
Effected Jurisdiction: | City of Southfield |
Jurisdiction type: | Municipality |
Fiscal year ending In: | 2021 |
Program name: | Industrial Facilities Tax (IFT) |
Program purpose: | General Economic Development |
Statutory authority: | Public Act 198 of 1974 |
Abating jurisdiction(s): | City of Southfield |
Applicable taxes: | Property Tax |
Method of abatement: | Reduction in millage rate |
Provisions for recapture: | Abatement may be eliminated if taxes are not paid timely. |
Gross revenue loss: | $168,198 |
Reimbursement / offset: | $0 |
Net revenue loss: | $168,198 |
Type of loss: | Active |
Additional notes on dislosure: | (none) |
Document source: | https://www.cityofsouthfield.com/sites/default/files/2022-02/the-2020-20... |