Tax breaks for: Historic preservation
Has Michigan got a deal for you
Click on any of the categories below to see how many tax breaks are out there, and how much they cost the state treasury. The numbers were taken from the state's executive budget for 2013 and 2014.
| Type of tax | Category | 2014 tax break value | Description |
|---|---|---|---|
| Michigan Business Tax Certificated Credits | Other Certificated Credits | $16,000,000 | Includes historic preservation, small business and "renaissance zone" credits |
| State Income Tax | Historic Preservation Credit | $1,045,000 | Provided a credit against qualified expenditures made to rehabilitate a historic resource. The rehabilitation plan must have been certified by the Michigan Historical Center. No new credits have been awarded since the program ceased in January, 2012. Previously awarded credits are still being honored. |
In some cases, the state does not estimate the value of a tax break, leaving the tax break value empty in its tables.
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