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- Title
Implementing Tax Abatements in Michigan: A Study of Best Practices.
- Authors
Sands, Gary; Reese, Laura A.; Khan, Heather L.
- Abstract
Because the use of tax abatements to foster local economic development is widespread despite uncertainty about their effectiveness, is it possible to allocate abatements in a way that increases the likelihood that tangible benefits will result? This research suggests that few municipalities place conditions on abatements, most never evaluate the performance of firms granted abatements, and abatement requests are seldom or never rejected. The project focuses on the implementation of tax abatements, explores the use of tax abatements over a relatively long time period, and makes explicit policy recommendations for more effective policy implementation. Changes in state enabling legislation targeting abatements to distressed areas and adding requirements for evaluation may produce more effective use of abatements at the local level.
- Subjects
MICHIGAN; TAX remission; TAX increment financing; ECONOMIC activity; TAX administration &; procedure; RESEARCH
- Publication
Economic Development Quarterly, 2006, Vol 20, Issue 1, p44
- ISSN
0891-2424
- Publication type
Article
- DOI
10.1177/0891242405279369