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: | Michigan |
Jurisdiction type: | State |
| Fiscal year ending In: | 2021 |
| Program name: | Renaissance Zone Credit - Development Program |
| Program purpose: | Business attraction/retention/expansion |
| Statutory authority: | Public Act 39 of 2011; Michigan Compiled Laws (MCL) Sections 125.2681 - 125.2696 and 208.1433 |
| Abating jurisdiction(s): | State of Michigan |
| Applicable taxes: | Michigan Business tax |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | Recapture conditions vary and only occur when expressly provided in the agreement signed by the taxpayer and MSF board. |
| Gross revenue loss: | $3,500,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $3,500,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.michigan.gov/budget/fiscal-pages/reports/annual-comprehensiv... |
