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: | Michigan |
Jurisdiction type: | State or Territory |
| Fiscal year ending In: | 2019 |
| Program name: | MEGA Employment Credit Program |
| Program purpose: | Job Creation/Retention |
| Statutory authority: | Public Act 39 of 2011; MCL Sections 207.801 - 207.810 and 208.1431 |
| Abating jurisdiction(s): | State of Michigan |
| Applicable taxes: | Michigan Business Tax (MBT) |
| Method of abatement: | Tax Credit |
| Provisions for recapture: | As determined by MEGA, the taxpayer may have its credit reduced or terminated, or have a percentage of the credit amount previously claimed added back to the tax liability of the taxpayer in the tax year that the taxpayer: fails to meet the requirements for the credit; violates any conditions included in the agreement entered with MEGA; removes any of the qualified new jobs from Michigan during the term of the written agreement and for a period of years after the term of the written agreement |
| Gross revenue loss: | $510,400,000 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $510,400,000 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.michigan.gov/budget/fiscal-pages/reports/annual-comprehensiv... |
