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LERTA
Local Economic Revitalization Tax Assistance ActThe
Local Economic Revitalization Tax Assistance Act is an act that allows local
taxing bodies to temporarily exempt any improvements to certain deteriorated
industrial, commercial, and other business properties located in a designated
deteriorated area. The local
taxing body then can gradually decrease the amount of exemption over a period of
time, ten years, until the taxes have no exemption.
To apply for exemption you must first obtain a building permit in the
appropriate township. Once a permit
is granted you must seek an application at the Clinton County assessment office.
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