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Renaissance Zones

By law, Renaissance Zones waive the following local and state taxes applicable to Grand Rapids:

• Michigan Single Business Tax
• Michigan Personal Income Tax (for GR Renaissance Zone residents only)
• Operating Property Tax Levies (except debt taxes)
• City Income Tax (for GR Renaissance Zone residents and businesses only)
These taxes represent nearly all state and local taxation on a Grand Rapids business or resident.

Taxes and fees which businesses are still required to pay include:

• Unemployment insurance
• Social security taxes
• Worker's compensation
• Sewer/water fees
• Special property taxes, or assessments levied to finance local bonded indebtedness
• Grand Rapids Public Schools taxes
• Michigan's 6% sales tax
 

ECONOMIC DEVELOPMENT OFFICE
300 MONROE NW,   ROOM 920   GRAND RAPIDS, MI 49503

PHONE: (616) 456-3431  FAX: (616) 456-4568