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- Boards and Commissions
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Departments
Overview
AssessorCity
ClerkCommunity
DevelopmentDepartment
of Public ServicesDDAEngineering and Building
Finance
and AdministrationMunicipal
ServicesPublic
SafetyRecreation, Leisure and Culture Department
Special
Events OfficeTreasury
Community
DevelopmentIndustrial Facilities Tax Exemption - Act 198
The Industrial Facilities Tax Exemption Certificate, Public Act 198
of 1974 as amended, provides an incentive to encourage new
investment in industrial buildings and research and development
laboratories, including land improvements, machinery, equipment,
furniture and fixtures. Generally speaking, if a certificate is
issued by the City and approved by the State Tax Commission, the
property taxes for real or personal property will be approximately
50% of the taxes that would otherwise be payable. The duration of
the certificate is for 1-12 years, with the duration determined by
the Mayor and Council. For additional information regarding the
Industrial Facilities Tax Exemption Process, you
may
visit the State
of Michigan’s website.
IFEC Payback and Transfer Policy
The City of Wyandotte utilizes the program more aggressively than any other community in the downriver area of Southeast Michigan, and since 1988, has granted every exemption certificate requested for the maximum 12-year period permitted under State law. Unlike most cities, there is no minimum requirement for dollar amount invested or number of jobs retained or created to qualify for a certificate.
As of January 2009, the City had 21 Industrial Development Districts and 6 Plant Rehabilitation Districts, covering most industrial areas in the City.