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: | Utica Community School District |
Jurisdiction type: | School District |
Fiscal year ending In: | 2022 |
Program name: | Industrial Facilities Tax Exemption (IFT) |
Program purpose: | Construction/rehabilitation |
Statutory authority: | PA 198 of 1974 |
Abating jurisdiction(s): | Various cities and townships in Michigan |
Applicable taxes: | Property Tax |
Method of abatement: | Tax Exemption |
Provisions for recapture: | (not specified) |
Gross revenue loss: | $1,831,618 |
Reimbursement / offset: | $1,517,652 |
Net revenue loss: | $313,966 |
Type of loss: | Passive |
Additional notes on dislosure: | Gross revenue loss, reimbursement/offset, and net revenue loss are all approximate amounts. |
Document source: | https://www.uticak12.org/cms/lib/MI50010997/Centricity/Domain/536/2021-2... |