Subsidy Tracker Individual Entry

Company: 
ADP DEALER SERVICES, INC.
Parent Company: 
Automatic Data Processing
Subsidy Source: 
local
Location: 
Illinois
City: 
Hoffman Estates
County: 
Cook
Address: 
1950 HASSELL RD, HOFFMAN ESTATES, 60169
Project Description: 

The Village shall pay an annual Municipal Sales Tax recovery payment to ADP for 5 Revenue Years beginning with the 2012 Revenue Year and continuing for the next 4 Revenue Years (through Revenue Year 2016) equal to 25% of the Municipal Sales Tax Revenue generated during such Revenue Year. The payments will be calculated on all Municipal Sales Tax generated by all retail sales of ADP; provided that the Municipal Sales Tax recovery payments shall not exceed (i) $120,000 per Revenue Year and (ii) $600,000 over the term of the agreement.

Year: 
2012
Major Industry of Parent: 
business services
Specific Industry of Parent: 
business services
Subsidy Value: 
$600,000
Program Name: 
Local Sales Tax Rebate
Awarding Agency: 
Department of Revenue
Type of Subsidy: 
tax credit/rebate
Notes: 

Year is year agreement began. Subsidy value is maximum rebate. Project description is verbatim text (including indeterminate amounts) from the Department of Revenue's online compilation of excerpts from local agreements.

Source Notes: 
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