New Personal Property:
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
|Project || Type||Approved |
|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|