Please note that data are cataloged by fiscal years -- you can switch to different years using the links below. For more info see our user guide.
Michigan 2019 Revenue Lost to Tax Abatement Programs
Click on the name of a program for more details.
|Program Name||Program Type||Revenue Loss|
|Brownfield Redevelopment Credit Program||Revitalization||$22,300,000|
|Brownfield Redevelopment Tax Increment Financing Program||Economic development (TIF)||$5,600,000|
|Farmland Preservation Credit - Corporate and Non-Corporate Program||Preservation of open space, farmland, and forestland||$49,000,000|
|Historic Preservation Credit Program||Historic preservation||$3,200,000|
|MEGA Employment Credit Program||Job creation||$510,400,000|
|MEGA Poly-Silicon Energy Cost Credit Program||Technology||not reported|
|Renaissance Zone Credit - Development Program||Economic development (EZ)||$48,000,000|
|Renaissance Zone Property Tax Exemption Program||Economic development (EZ)||$4,200,000|
|State Essential Services Assessment Exemption||Manufacturing||$4,200,000|
|TABULATED STATE-LEVEL TOTAL||$646,900,000|
Tabulated localities and districts
Click on the name of jurisdiction for a list of tax abatement programs that reduced its tax revenue.
We estimated the reporting rate among local governments for each state using 2018 and 2019 data. This is to gauge how much data is available in that state.
For Michigan, the estimated reporting rate is as follows:
Cities/counties: 506 out of 1483 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
School districts: 387 out of 542 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.
Concerned about the lack of disclosure? Check out the roadmap on GASB 77 compliance we created for MI. You can also get a CSV file of the localities in MI that did not make any tax abatement disclosures in their annual financial reports.
Local government / school district financial audits are posted here.