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:
2018
Program name:
Brownfield Redevelopment Tax Increment Financing (TIF) Program
Program purpose
:
Redevelopment/revitalization/renewal
Statutory authority
:
MCL Sections 125.2651 - 125.2670
Abating jurisdiction(s)
:
State of Michigan
Applicable taxes:
State Education Tax
Method of abatement
:
Tax abatement - TIF
Provisions for recapture
:
(no provisions for recapture)
Gross revenue loss
:
$5,100,000
Reimbursement / offset
:
$0
Net revenue loss
:
$5,100,000
Type of loss
:
Active
Additional notes on dislosure:
(none)