Perrigo: Pay Your Fair Share
The Grand Rapids City Commission will soon consider granting Perrigo a twelve
year Industrial Facilities Tax exemption as well as a twelve year New Personal
Property tax exemption. These exemptions are entirely legal to apply for, but the city legislature has complete control over granting these exemptions.
These exemptions will benefit Perrigo to the amount of $4.1 million in tax breaks. Of that money, Grand Rapids itself will lose $800 thousand of property tax revenue.