Your environmental consultant will tell you if your property is a Facility and whether it an eligible property under the Act 381 of Public Acts of 1996. We have a separate description of this Act for you to review. Property acquisition is not included. The costs of the eligible investment cannot otherwise be reimbursed to the taxpayer or paid for on behalf of the taxpayer from any source other than the taxpayer. It can be carried forward for 10 years.
Eligible property means a property that is a contaminated site.
451 of the Public Acts of 1994, being section 324.20101 of MCL, or property that was a facility as defined in Section 20101 of Act No. 451 of the Public Acts of 1994 prior to the completion of eligible activity pursuant to a Brownfield Plan under the Brownfield Redevelopment Financing Act. Get a determination letter from the Michigan Department of Environmental Quality indicating that it is a Facility. The Zone can be established with the approval of the Plan. The taxpayer is not liable for the response activity at an eligible property to which the credit is attributable.