Tax and Economic Incentives
Kotz Sangster attorneys assist business and entrepreneurial clients in reviewing and implementing the numerous, state, federal and local tax and economic development incentives, which encourage economic development by businesses, provide incentives for sustainable and energy-efficient business projects, and the redevelopment of environmentally impacted sites. Numerous programs have been implemented. Climate Change concerns have also resulted in state and federal legislation and SEC disclosure requirements affecting commercial, industrial and municipal entities alike.
Our attorneys utilize their multi-disciplinary expertise to navigate these opportunities, enabling our clients to maximize their access to and participation in state, federal and local tax incentives, abatements, grants, economic development incentives, and increase access to capital. Members of the tax and economic incentives group include the Chairperson of the State Bar of Michigan Environmental Law Section's Sustainability and Climate Change Committee, who has been active with the Michigan Climate Action Council, Industrial, Commercial and Residential Technical Work Group in drafting new proposed building/construction code documents and recommended legislation involving tax credits/abatements and other incentives for entities achieving energy efficiency and renewable energy goals, including adoption and implementation of LEED building standards state-wide.
The following is a sample of the programs available to our clients.
Environmental, Energy, Climate Change and Redevelopment Economic Incentives
- Small Business Pollution Prevention Loan Program
- Alternative energy credits
- Renewable energy credits (biofuel, wind, solar, geothermal, waste-to-energy)
- Michigan Centers of Energy Excellence Program incentives
- Michigan Environmental Assistance crant and low interest loan programs
- Historic Neighborhood Tax Incremental Financing Act Program
- Emerging Technologies Fund
- Michigan NextEnergy Authority
- Renewable Energy Renaissance Zones and SmartZones Programs
- Leadership in Engineering and Environmental Design (LEED) building standard implementation incentives
- Energy efficiency grant programs, including energy auditing grants
among others
Rehabilitation and Relocation Credits and Incentives
- Federal empowerment zones and renewal communities
- Renaissance zones; Tool and Die Recovery Zones
- Foreign trade zones
- Historically underutilized business zones
- Brownfield Redevelopment Authority Tax Credits, Brownfield Tax Incentive and Brownfield Tax Increment Financing programs
- Historical Rehabilitation Tax Credits (state and federal)
- Obsolete Property Rehabilitation Act incentives
- Commercial Rehabilitation and Commercial Redevelopment Act incentive programs
- Downtown Development Authority and Tax Increment Finance Authority
State and Local Tax Credits and Incentives
- Pollution Control Facilities Property and Sales Tax Exemption
- Small Business Pollution Prevention Loans
- Scrap tire cleanup grants
- Brownfield Tax Increment Financing
- Industrial processingn exemptions
- High Tech Michigan Economic Growth Authority (MEGA) and MEGA Retention Tax Credits programs
- Personal property tax exemption
- New Markets Credits
- Venture Capital SBT Credits
- Industrial Facilities Property Tax Abatement
- Smart Zone Tax Increment Financing
- Start-up Business Credit
Capital and Financing Incentives
- Small Business Administration loans
- Tax-Exempt Industrial Development Revenue Bond
- Broadband Authority Loans
- State Housing Development Authority Loans
