Industrial Facilities Act Tax Exemption Certificate (PA 198)
This program is designed to replace the property tax on industrial and
high technology developments, expansions, and rehabilitation efforts
with an Industrial Facilities Tax (IFT).
Up to 50% of real and personal
property taxes can be exempted for new facilities, and up to 100% of
real and personal property taxes can be exempted for the renovation of
obsolete buildings. This exemption requires a petition to City Council
to create an Industrial Facilities district.