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Michigan 2019 Revenue Lost to Tax Abatement Programs

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State-level programs

Click on the name of a program for more details.

Program Name	Program Type	Revenue Loss
Renaissance Zone Credit - Development Program	Economic development (EZ)	$48,000,000
Renaissance Zone Property Tax Exemption Program	Economic development (EZ)	$4,200,000
Brownfield Redevelopment Tax Increment Financing Program	Economic development (TIF)	$5,600,000
Historic Preservation Credit Program	Historic preservation	$3,200,000
MEGA Employment Credit Program	Job creation	$510,400,000
State Essential Services Assessment Exemption	Manufacturing	$4,200,000
Farmland Preservation Credit - Corporate and Non-Corporate Program	Preservation of open space, farmland, and forestland	$49,000,000
Brownfield Redevelopment Credit Program	Revitalization	$22,300,000
MEGA Poly-Silicon Energy Cost Credit Program	Technology	not reported
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.