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MegadealsSubsidy Tracker Individual Entry
Company: FOX VALLEY VOLKSWAGON
Parent Company:
Subsidy Source: local
Location: Illinois
City: West Chicago
County: Dupage
Address: 560 W. NORTH AVENUE, WEST CHICAGO, 60185
Project Description: The Agreement has since been assigned to Volkwagon Group of America. For the first five years, the City rebates 56% of the sales tax generated. Beginning in the sixth year, the City will rebate 50% of the sales tax generated, which will continue until the total amount rebated is $1.5 million.
Year: 2004
Subsidy Value: $1,500,000
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.