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State & Local Tax Blog
Chrysler Looking at a $46M Tax Credit
Times are tough in Detroit. According to this article in the Detroit News, the state of Michigan and the city of Detroit are teaming up to keep a Chrysler plant open in that city. The state is offering a tax credit valued at more than $6 million over seven years. The city of Detroit is also considering a12-year abatement worth an estimated $40.2 million.