What Does Our Renaissance Zone Do For You?

Michigan's Tax-Free Renaissance Zones are regions of the state designated as virtually tax free for any business or resident presently in or moving to a zone. The zones are designed to provide selected communities with the most powerful market based incentive — NO TAXES — to spur new jobs and investment. Each Renaissance Zone can be comprised of up to six smaller zones (sub zones) which are located throughout the community to give businesses more options on where to locate.

Just how 'Tax Free' are Tax-Free Renaissance Zones?

By law, Renaissance Zones waive the following local and state taxes:
1. Michigan Single Business Tax
2. Michigan Personal Income Tax
3. Michigan's 6 mill State Education Tax
4. Local Personal Property Tax
5. Local Real Property Tax
6. Local Income Tax
7. Utility Users Tax
These taxes represent nearly all state and local taxation on a Michigan business.

What taxes would a business still pay in a Renaissance Zone?

A business would pay unemployment insurance, social security taxes, workers' compensation, sewer and water fees which are either federal taxes or fees for service. Businesses would also pay property taxes which result from local bonded indebtedness or special assessments so as not to jeopardize the community's current bonds. Businesses would also pay Michigan's six percent sales tax. Michigan does not allow local sales taxes.

Tax Free? What's the Catch?

No catch. We are up front about which taxes are waived, which taxes are not waived, where your business needs to locate, and how long the benefit lasts. Michigan fully understands that we are offering businesses a great deal. We want your business in these targeted areas and are willing to make it worth your while to locate here. Michigan's philosophy is that cutting taxes and keeping them low creates more jobs and more business for the state. That is why in these targeted areas we are eliminating taxes to spur growth and investment.