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    Tax Benefits of Renaissance Zones

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

    • Michigan 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