Inception date: 27 Nov 2018 | Removal date: open ended

Tax or social insurance relief

On November 27, 2018 the state of Michigan extended favorable tax treatment to Ford Motor Company. The principal benefit is the $208,796,791 in tax-exempt treatment that the firm will receive for investing in a renaissance zone. Under Michigan law, renaissance zones are regions of the state designated as virtually tax free for any business or resident presently in or moving to a zone. It will also receive $18,763,677 under the Obsolete Property Rehabilitation Act (PA 146) of 2000, which provides property tax exemptions for commercial properties that are rehabilitated and meet the requirements of the act.