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.

AFFECTED SECTORS