Michigan's proposed Tax Incentive is Dead. Here's why.
Why the Tax Incentive Failed Once there was a successful tax incentive designed to foster and stimulate a new entertainment-based industry in Michigan. It was cancelled in 2012, mainly over partisan posturing with a new administration taking over. In 2024, there was a real push to try and reinvigorate interest in a new, modified tax incentive. That push mainly fell on deaf ears, and the tax incentive, while not overtly murdered, was considered dead before Christmas. While there was much hope for the passing of the tax incentive, a practical assessment of what the proposal offered reveals a relatively short-sighted plan. It was a proposal that required participation from businesses outside of the state and offered no discernable benefit for the state as a whole beyond the prospects of an indeterminate financial gain. And yet, to achieve this limited benefit, another bureaucratic layer of accounting involving a minimum of three separate entities - the local businesses, the...
