Subsidy Tracker Individual Entry

Company: 
CVS PHARMACY
Parent Company: 
CVS Health
Subsidy Source: 
local
Location: 
Illinois
City: 
Morton Grove
County: 
Cook
Address: 
5945 DEMPSTER, MORTON GROVE, 60053
Project Description: 

* Monthly sales were calculated based on the 1% municipal portion sales tax remitted to the Village from the Illinois Department of Revenue. ** The revenue sharing agreement calls for a 50/50 sharing of sales tax revenues generated from gross sales exceeding $2,000,000 each year. The total given to Osco will not exceed $250,000 or 14 years from January 1, 2004, whichever comes first.

Year: 
2004
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-pharmacies
Subsidy Value: 
$250,000
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: 
If an online information source is not working, check the Tracker inventory page for an updated link.