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MegadealsSubsidy Tracker Individual Entry
Company: DODGE CITYTOYOTA INC-ANDERSONTOYOTO
Parent Company:
Subsidy Source: local
Location: Illinois
City: Loves Park
County: Winnebago
Address: 4100 N. PERRYVILLE ROAD, LOVES PARK, 61111;
Project Description: 50% of the local government sales tax generated at the Perryville location as adjusted by the deficiency tax amount(defined later) will be rebated to the business up to $1,000,000.00 dollars or for 7 years, whichever comes first. The deficiency tax amount is calculated by taking a predetermined tax amount generated by the Alpine Road location in prior years (defined in the uploaded agreement), less the amount generated during the current year at the Alpine Road location. The deficiency will be subtracted from the amount generated at the Perryville location before calculating the 50% rebate due.
Year: 2012
Subsidy Value: $1,000,000
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. 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.