The granting of property tax incentives under the act is a local option left up to the discretion of the legislative body of the local government (city, township or village) where a facility is or will be located.

Under the P.A. 198, a manufacturer is eligible to receive exemption from real and personal property taxes of 50 percent of the SEV for up to 12 years.

It's a two-step process - local and state - but applications must be filed no later than six months after the start of a project.


In the past, the Economic Development Council has assisted in securing tax abatements for:

ACT 198 TAX ABATEMENTS PROCEDURES:

Steps for companies to follow in the tax abatement application process.

Steps for local units to follow in the tax abatements application process.

Resulting in...

Total investment: $67,464,302
New jobs: 46
Retained jobs: 1,357