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.

State: 
Michigan
Reporting Jurisdiction: 
Michigan
Jurisdiction type
State
Fiscal year ending In: 
2020
Program name: 
MEGA Employment Credit Program
Program purpose
Job creation/retention
Statutory authority
Public Act 39 of 2011; Michigan Compiled Laws (MCL) Sections 207.801 - 207.810 and 208.1431
Abating jurisdiction(s)
State of Michigan
Applicable taxes: 
Michigan Business tax
Method of abatement
Tax credit
Provisions for recapture
As determined by MEGA, the taxpayer may have its credit reduced or terminated, or have a percentage of the credit amount previously claimed added back to the tax liability of the taxpayer in the tax year that the taxpayer: fails to meet the requirements for the credit; violates any conditions included in the agreement entered with MEGA; removes any of the qualified new jobs from Michigan during the term of the written agreement and for a period of years after the term of the written agreement
Gross revenue loss
$560,500,000
Reimbursement / offset
$0
Net revenue loss
$560,500,000
Type of loss
Active
Additional notes on dislosure: 
(none)