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 Grand Rapids |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2020 |
| Program name: | Renaissance Zones |
| Program purpose: | Job Creation/Retention |
| Statutory authority: | Public Act 376 of 1996, as amended; MCL 125.2681 et seq . And City Commission Policy 900-48 |
| Abating jurisdiction(s): | Grand Rapids |
| Applicable taxes: | Real Property Tax; Personal Property Tax; Income Tax |
| Method of abatement: | Tax Abatement |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $119,559 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $119,559 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.grandrapidsmi.gov/Government/Departments/Office-of-the-City-... |
