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Tegan
F L I N T O I D
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I can't seem to find updated info that I trust so I thought I would ask you.
The Renaissance Zones in Flint are beginning to phase out, correct? With 25% taxes due in 2009, 50% due in 2010, 75% due in 2011, and 100% due in 2012?
Or did someone vote to extend the duration of the Renaissance Zones and I just can't find it? |
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Wed Apr 15, 2009 2:13 pm |
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Josh Freeman
F L I N T O I D
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I believe that they can be renewed.. but rather than the whole zone getting renewed... the City can do it on a building/site by building/site basis.. My understanding is that it can only be renewed on business property... so areas like University Park are not eligible for renewal....
Unless, I have my tax breaks mixed up... |
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Wed Apr 15, 2009 3:15 pm |
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Tegan
F L I N T O I D
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Ok good. Thank you :)
So in other words, all those people who say "why should I care about michigan historic tax credits? I live in a renaissance zone and don't pay taxes anyway" are suddenly going to exclaim "tax credits you say? what about these tax credits?" |
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Wed Apr 15, 2009 3:20 pm |
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