Personal Property Tax Certificate (PA 328)
PA 328 allows the
City of Ypsilanti to offer a tax exemption to spur investment in the
Industrial Development District, Brownfield Redevelopment District,
Local Development Financing District/Smart Zone, or the Downtown
Development District.
New personal property (equipment) leased or owned
by eligible businesses and located within these established districts
could be 100% exempt from local and state personal property taxes. This
incentive is not project-specific and extends to all personal property
investments during the time of the exemption.