Niowave expected to keep $550K 'pole barn' tax break - Lansing State Journal
A unanimous Lansing City Council vote to rescind a $550,000 tax abatement for Niowave Inc. won't matter unless a state law is changed that would allow local governments to revoke personal property tax exemptions. State Treasury Department spokesman Terry Stanton said Wednesday the abatement still stands because there isn't a provision for either the city or the State Tax Commission to rescind Niowave's abatement under Public Act 328. "At this point, that's... The act, last amended in 1988, gives 100% property tax exemption on specific businesses located within "eligible distressed communities. It's unclear if the State Tax Commission will review Niowave's abatement at its next meeting on July 16. The City Council voted 6-0 on Monday night to rescind Niowave's personal property tax abatement for the research facility it constructed in... Walnut Neighborhood resident Dale Schrader said he will consider pursuing legal action against Niowave if it keeps the tax abatement. Schor's House Bill 4580 would amend state law, including PA 328, to allow local governments to revoke personal property tax exemptions if businesses don't perform as promised in incentive deals. Source: www.lansingstatejournal.com
