Tax Break Helps Branch Rehab

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HILLSDALE, Mich. – American 1 FCU has become the first business to take advantage of tax abatements offered to companies located within the city’s commercial rehabilitation districts.

The City Council approved an application that will provide a property tax abatement of $21,400 in exchange for an expansion of the branch later this month. The agreement means the branch will be exempt from a portion of the property taxes levied over the next eight years due to the renovations.

 

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