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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 Lansing
Jurisdiction type: Municipality
Fiscal year ending In2022
Program namePersonal Property Tax Exemptions
Program purpose: General Economic Development
Statutory authority: Public Act 328
Abating jurisdiction(s): City of Lansing
Applicable taxesPersonal Property Tax
Method of abatement: Tax exemption
Provisions for recapture: The City can recapture the taxes if the business defaults on the terms of the written agreement.
Gross revenue loss: $3,695,861
Reimbursement / offset: $0
Net revenue loss: $3,695,861
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://content.civicplus.com/api/assets/4cd7b3da-4b14-446e-be4e-35129d2...