Treasury is reviewing the recently enacted tax law changes, including the new Marijuana Wholesale Tax. Developing clear and accurate information for tax stakeholders is our top priority. This guidance will be posted to our website in the coming weeks.
Michigan Promise Zone Designations
The Michigan Department of Treasury has certified "Promise Zone" designations for the following school districts and communities:
Beginning [at 12:01 a.m. on] October 16, 2023, the Michigan Department of Treasury will begin accepting applications for up to two (2) Promise Zone designations pursuant to Section 4 of Public Act 549 of 2008. Applications will be reviewed on a first-come, first-served basis with the first two complete applications, as determined by Treasury, receiving certification.
Governing bodies should email their complete applications or any questions to treas_bondfinance@michigan.gov.
Michigan Promise Zone Authority Act, Act 549 of 2008
- Baldwin Community Schools
- Battle Creek Public Schools
- Benton Harbor Area Schools
- City of Detroit
- Eastern Upper Peninsula Intermediate School District
- City of Flint
- Grand Rapids Public School District
- School District of the City of Hazel Park
- Lansing School District
- Mason County
- Muskegon Area Intermediate School District
- Newaygo County
- School District of the City of Pontiac
- Saginaw School District