Tax Abatements

Northern Nexus may use industrial property tax abatements as incentives for eligible businesses that make new investment in the Northern Nexus district. These abatements encourage companies to build new plants, expand existing plants, renovate aging plants, or add new machinery and equipment.  High technology operations are also eligible for the abatement.

These abatements are provided via the New Personal Property Tax Exemption pursuant to Act 206 of 1893, Section 9f of the General Property Tax Act, MCL §211.9f and the Industrial Facilities Tax Exemption pursuant to Act 198 of 1974, MCL §§207.551 to 207.572.