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: | 2020 |
Program name: | State Essential Services Assessment Exemption |
Program purpose: | Manufacturing development |
Statutory authority: | Michigan Compiled Laws Section 211.1059 |
Abating jurisdiction(s): | State of Michigan |
Applicable taxes: | State Essential Services Assessment |
Method of abatement: | Tax Exemption |
Provisions for recapture: | The written agreement shall provide for a repayment provision on the exemption to the assessment if the eligible claimant fails to comply with the provisions of the written agreement. |
Gross revenue loss: | $5,500,000 |
Reimbursement / offset: | $0 |
Net revenue loss: | $5,500,000 |
Type of loss: | Active |
Additional notes on dislosure: | (none) |
Document source: | https://www.michigan.gov/budget/fiscal-pages/reports/annual-comprehensiv... |