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New Personal Property Tax Incentives

New Personal Property:

PA 328 of 1998, as amended, provides 100% property tax exemption for specific businesses located in eligible distressed communities.  The exemption is for all new personal property placed in a district that has been established by the local unit of government.  The local unit of government determines the number of years granted for the exemption.  Applications are approved at the local and state levels.  The State Tax Commission is ultimately responsible for final approval.  Exemptions are not effective until approved by the Commission. Approved Projects:

Compuware P.A.328 
Price Waterhouse Coppers P.A.328 Dec-05
Michigan Box P.A.328 29-Jun-05
Bodman P.A.328 Jan-06