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MegadealsSubsidy Tracker Individual Entry
Company: HAWTHORN 45, LLC
Parent Company:
Subsidy Source: local
Location: Illinois
City: HAWTHORN WOODS
County: LAKE
Address: HAWTHORN TRAILS PHASE 3 SUBDIVISION
Zip: 60047
Project Description: Pursuant to the Economic Incentive Agreement, the total sales tax payments to be rebated shall equal fifty percent (50%) of the Village's seventy-five percent (75%) share of the sales tax for a period of five (5) years from the date of commencement of the sales tax sharing contemplated in this Agreement. The Village shall make sales tax rebates to the Developer of any amount due within sixty (60) days of receipt by the Village from the State of the report of sales tax generated from the Retail Area. Payment by the Village shall be accompanied by a copy of the Sales Tax Report and a statement executed by an officer of the Village setting forth the calculation of such payment.
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.