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
Population in 2019 : not available
Concerned about the lack of disclosure? We have created institutional schematics for the implementation of GASB Statement No. 77 on Tax Abatement Disclosures in the 50 states and DC: Learn who's in charge of compliance in our ROADMAP PROJECT. 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.
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.
Local government reporting rate
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: 300 out of 394 CAFRs or financial statements we examined provided information on tax abatement programs in accordance with GASB Statement No.77.