2006 CPEO Brownfields List Archive

From: Lenny Siegel <lsiegel@cpeo.org>
Date: 8 Dec 2006 07:49:03 -0000
Reply: cpeo-brownfields
Subject: [CPEO-BIF] Michigan changes Brownfields incentives
 
Michigan continues to improve brownfield tax credit program

Gordon Goldie and Jim Manning
Michigan Business Review
December 7, 2006

Michigan's brownfield tax credit program is already one of the most effective brownfield incentive programs in the country. Since its inception, it has helped spur redevelopment of hundreds of brownfield properties across the state.

The program promotes the redevelopment of brownfield properties by providing businesses and real estate developers with a tax credit against the Single Business Tax equal to 10 percent of eligible investment in qualified property. To qualify, property must be contaminated, blighted or functionally obsolete, and the taxpayer must receive approval from the Michigan Economic Growth Authority before undertaking the project.

To improve the brownfield tax credit program, Gov. Granholm recently signed several amendments to it -- Public Acts 111, 112 and 113 of 2006.

...

For the entire article, see
http://www.mlive.com/mbusinessreview/west/index.ssf?/base/test/1165496505312970.xml&coll=12

--


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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