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MegadealsSubsidy Tracker Individual Entry
Company: COLLEGE PLAZA STATION LLC
Parent Company:
Subsidy Source: local
Location: Illinois
City: NORMAL
County: MC LEAN
Address: 1700 EAST COLLEGE AVENUE
Zip: 61761
Project Description: College Plaza Station LLC is to receive a 50% refund of the 1% Illinois Municipal Retailer s Occupation Tax for any new national tenant(s) in the newly-created spaces at 1700 East College Avenue. The rebate term begins when the first new retailer opens for business. The rebate term ends when the maximum rebate of $AMOUNT is paid out or 10 years from initiation of the rebate, whichever is sooner. The rebate will end no more than 12 years after the date of the sales tax sharing agreement.
Year: 2017
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.