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Renaissance Zone Project Application - North Dakota Department Of ...
Get Renaissance Zone Project Application - North Dakota Department Of ...
E DCS: 1. Type of project Business Residential Utility Infrastructure Project (UIP) 2. If this is a UIP, project is the applicant a renaissance zone project? Yes No a. To be considered a Renaissance Zone project, the project would need to take place in the Renaissance Zone and be a utility company. b. If this is a property owner affected by a UIP not participating in a renaissance zone project, is the property owner in the Renaissance Zone? Yes No 3. Name of applicant(s)/or business name I.
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Exemption FAQ
Certain geographic areas within Detroit were designated as Renaissance Zones. This designation grants tax relief to qualified corporations located and conducting business activity within a Detroit Renaissance Zone.
Renaissance Zones are a state program designed to provide an incentive to spur new jobs and investment. Kalamazoo, Comstock Township and Battle Creek cooperated to create one Renaissance Zone. No additional Renaissance Zones can be created. The current Renaissance Zone expires in 2024.
Beginning on January 1, 1997, nine geographic areas of the state received renaissance zone designations: the Benton Harbor/St. Joseph/Benton Township area, Detroit, Flint, the Gogebic/Ontonagon/Houghton Counties area, Grand Rapids, Lansing, Manistee County, the Montcalm/Gratiot Counties area, and Saginaw.
The Renaissance Zone provides both property tax and income tax incentives to property and business owners who invest in qualified projects. There are five different types of Renaissance Zone projects: rehabilitation, new construction, purchase with major improvements, lease, and historical rehabilitation.
The Renaissance Zone Credit encourages businesses and individuals to help revitalize a designated Zone by providing a credit for businesses located and conducting business activity within the Zone.
The Renaissance Zone program is a collaborative effort between the City of Detroit, the County of Wayne, and the State of Michigan to give tax incentives to residents and businesses. The City of Detroit has designated eighteen areas as Renaissance Zones.
Continuation Related content
Renaissance Zone Program
To request a certificate, complete the Renaissance Zone Certificate of Good Standing Form...
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