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:
MEGA Employment Credit Program
Program purpose:
Job creation/retention
:
Statutory authority:
Public Act 39 of 2011 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
:
Gross revenue loss:
$611,800,000
:
Reimbursement / offset:
$0
:
Net revenue loss:
$611,800,000
:
Type of loss:
Active
:
Additional notes on dislosure:
(none)
