Basic Search
|
Geographic Searches
|
Advanced Search |
MegadealsSubsidy Tracker Individual Entry
Company: COSTCO WHOLESALE CORP
Parent Company:
Costco
Subsidy Source: local
Location: Illinois
City: LOVES PARK
County: WINNEBAGO
Address: 5000 STADIUM DRIVE & 4000 STADIUM
Zip: 61111
Project Description: 60% of the sales tax generated by this project is to be rebated to Costco in the amount of $4,200,000.00 plus 3% interest on the unpaid portion of the rebate amount from the date of the opening of this site until paid in full or for 21 years whichever is earlier. Payments are to accrued interest first and then to the rebate amount. State tax reporting from the State of IL is the source for the rebate calculation.
Year: 2019
Major Industry of Parent: retailing
Specific Industry of Parent: retail
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.