Vehicle Research and Development Promotion

Expired: 12/31/2011

Qualified advanced vehicle research and development projects may be eligible for financing under the Local Development Financing Act. A municipality may create a local development financing authority that may borrow against future tax increment financing to pay for public infrastructure improvements that will attract economic development projects. The Michigan Economic Development Corporation (MEDC) may designate all or part of a local development financing authority district as a "certified alternative energy park" to attract businesses engaged in alternative energy projects, including research and development of alternative energy vehicles. MEDC may designate up to ten alternative energy parks through December 31, 2011. (Reference Michigan Compiled Laws 125.2152-125.2162c)

Jurisdiction: Michigan

Type: Laws and Regulations

Enacted: Dec 14, 2009

Technologies: Biodiesel, Ethanol, EVs, HEVs, Hydrogen Fuel Cells, Natural Gas, PHEVs, Propane (LPG)

See all Michigan Laws and Incentives.