Property tax abatement for manufacturers.

Michigan offers property tax abatement to manufacturers for new manufacturing, the expansion of existing manufacturing facilities and rehabilitation of obsolete manufacturing facilities. When the municipal unit where the facility is or will be located approves the manufacturer's application for tax abatement, the State Tax Commission issues an Industrial Facilities Exemption Certificate (IFEC).

The IFEC exempts the manufacturer from the payment of one-half of the ad valorem real and personal property taxes on a new facility and any ad valorem taxes on the new investment in a rehabilitated facility. This tax abatement applies to the taxable value of the improvements to the …