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: | City of Detroit |
Jurisdiction type: | Municipality |
Fiscal year ending In: | 2020 |
Program name: | Renaissance Zone Act (RZ) |
Program purpose: | General Economic Development |
Statutory authority: | Act 376 of 1996 |
Abating jurisdiction(s): | Detroit, Michigan |
Applicable taxes: | Income Tax; Utility Tax |
Method of abatement: | Tax Exemption |
Provisions for recapture: | (not specified) |
Gross revenue loss: | $8,454,372 |
Reimbursement / offset: | $0 |
Net revenue loss: | $8,454,372 |
Type of loss: | Active |
Additional notes on dislosure: | (none) |
Document source: | https://detroitmi.gov/departments/office-chief-financial-officer/financi... |