[CPEO-BIF] Michigan tax credit proposal

[Lenny Siegel <lsiegel@cpeo.org>]

Bills would create new brownfield tax credit

By Amy Lane 
Crain's Detroit Business
December 12, 2005

LANSING - Companies that undertake small redevelopments of contaminated
sites may find it easier to obtain state tax credits under bills taking
final shape in the Legislature.

House Bill 4734, part of a package of bills that amend Michigan
brownfield law, carves out a new category of tax credits for brownfield
redevelopments under $2 million.

The goal: To encourage more companies to apply for the smaller
single-business tax credits and to take on projects that would otherwise
vie with large redevelopments for limited tax credits.

...

For the entire article, see
http://www.crainsdetroit.com/cgi-bin/article.pl?articleId=28439

-- 


Lenny Siegel
Director, Center for Public Environmental Oversight
c/o PSC, 278-A Hope St., Mountain View, CA 94041
Voice: 650/961-8918 or 650/969-1545
Fax: 650/961-8918
<lsiegel@cpeo.org>
http://www.cpeo.org
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