$1B Investment and $3.5B Investment Abatements

$1B Investment and $3.5B Investment Abatements Up to 50% abatement for up to 10 years on real and personal property for qualified recycling businesses. Capital Investment of at least $1 Billion Abatement of Taxes Include: ■ Sales and Use Tax Reduction – Depending on the county a company chooses to locate in, the reduced rate ranges between 4.6% and 6.125% for 15 years. ■ MBT – 75% for 10 years. ■ Property Taxes (Real and Personal) – 75% for 10 years. No longer available: Transferrable Tax Credit’s (TCCs) $38M available; $9,500 for each qualified employee up to 4,000 jobs. Sunset on June 30, 2025. Capital Investment of at least $3.5 Billion Abatement of Taxes Include: ■ Sales and Use Tax Reduction – Depending on the county a company chooses to locate in, the reduced rate ranges between 4.6% and 6.125% for 20 years. ■ MBT – 100% for 10 years. ■ Property Taxes (Real and Personal) – 100% for 10 years No longer available: Transferrable Tax Credit’s (TCCs) $38M available; $9,500 for each qualified employee up to 4,000 jobs. Sunset on June 30, 2025. In addition: Indicate on the application the company’s plan to fulfill workforce needs.