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MegadealsSubsidy Tracker Individual Entry
Company: AKHAN SEMICONDUCTOR, INC.
Parent Company:
Subsidy Source: local
Location: Illinois
City: LAKE COUNTY
County: LAKE
Address: 1020 LAKESIDE DRIVE
Zip: 60031
Project Description: The County Sales Tax generated from the Property shall be paid to the Taxpayer according to the following formula: (1) $0-$99,999 0% to Taxpayer, 100% to County; (2) $100,000-$300,000 50% to County, 50% to Taxpayer; (3) $300,001 and greater 0% to Taxpayer, 100% to County. In no event shall the Incentive Payment for any Sales Tax Year be greater than $100,000. In no event shall the Incentive Payments to the Taxpayer exceed $500,000 as a result of this agreement.
Year: 2015
Subsidy Value: undisclosed
Program Name: Local Sales Tax Rebate
Awarding Agency: Department of Revenue
Type of Subsidy: tax credit/rebate
Source of Data:
(click here)
Notes: Year is year agreement began. Project description is verbatim text (including indeterminate amounts) from the Department of Revenue's online compilation of excerpts from local agreements. Subsidy amount is not readily available.
Source Notes: If an online information source is not working, check the Tracker
inventory page for an updated link.