In the context of library funding, equitable describes a process whereby resources are distributed fairly for all concerned. This is an area directly related to penal fees. Enterprise Zone Facility Enterprise Zones provide abatements in lieu of general property taxation for up to ten years after a business is certified as a qualified business. Technology Park Facilities Technology Park Facilities provide abatements in lieu of general property taxation for up to twelve years after the completion of facilities granted exemption certificates within technology park districts. Neighborhood Enterprise Zones provide tax relief for residential development in thirty economically depressed communities in Michigan.
Different rules apply to rehabilitated property, new residential property, and rental property.
Existing taxing entities like schools and public libraries continue to receive taxes on the original value of the DDA, but all new growth is siphoned off and used for additional DDA development. Generally, but not exclusively, DDAs exist in urban areas. The use of a DDA is a local municipal decision. However, a TIFA may exist outside of a DDA under a variety of different state legislation. The TIFA is becoming increasingly popular in suburban areas, and is a local municipal decision.