Incentives

Tax Abatement

Michigan law permits municipal governments to offer special tax incentives under Act No. 198. The allowed abatement is 50% of the real and personal property tax for a maximum of 12 years.

Tax Abatement for Distressed Communities

Under Act No. 328, distressed communities are allowed to abate all new personal property taxes. The law does not stipulate the maximum number of years.

Michigan Economic Growth Authority (MEGA)

MEGA provides a refundable job creation tax credit against the Michigan Single Business Tax. Companies engaged in manufacturing, R&D, IT, life sciences and other technology sectors may qualify.