What is the Renaissance Zone Program?The
Renaissance Zone Program is a collaborative effort between the City of
Detroit and the State of Michigan to give tax breaks to residents and
businesses, which are located within sixteen designated areas of the
City of Detroit.
Which Taxes Are Exempted for Qualified
Occupants of the Renaissance Zone? Once candidates have qualified
with the City of Detroit for Renaissance Zone tax benefits, the City of
Detroit, Wayne County, and the State of Michigan will waive most income
and property taxes, including the local income tax, personal and real
property taxes, utility user tax, state property tax, single business
tax, and the 6 mil State Education tax.
Which Taxes Are Not Waived?The
Renaissance Zone Act is a city and state program to encourage economic
development in designated areas: therefore, Federal taxes are not
waived. Further, State sales tax, unemployment insurance, social
security taxes and workers compensation taxes are not waived. Sewer
and water fees are not waived; all applicable debt mileages are not
waived. Other taxes and charges also may not be waived.
What Is Required To Qualify For These Benefits?In
order to be qualified for these benefits, Detroit residents and
businesses must apply with the Renaissance Zone Processing Center,
(313) 224-3053. Further, applicants must not be delinquent in any state
or local taxes; applicants and qualified recipients of the program must
continue to file annual State and City of Detroit income tax forms,
businesses must file annual SBT returns and Personal Property
statements.
What Are The Deadlines For Filing The Application?Statements
of Eligibility, or applications, must be filed with the Renaissance
Zone Processing Center before October 15 of the current tax year to
have the exemption apply to the current tax year. Otherwise if
qualified, the exemption will apply to the following tax year. For
example, to qualify for the tax year of 2008 your application and all
clearances must be approved by December 31, 2007.
After A
Resident Or Business Qualifies For The Exemption, What Is Required Of
That Resident Or Business? Once qualified, the exemption lasts the
duration of the program. However, if the resident or business changes
its status in any way, they must notify this office. Further, each year
a review of the recipients will be made to assure that they continue to
comply with the requirements of the Act.
Renaissance Zone Processing Center
2 Woodward Ave, Suite 607
Detroit, Michigan 48226
313-224-3053
313-628-2588 fax