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MegadealsSubsidy Tracker Individual Entry
Company: HOMEWOOD CHEVROLET
Parent Company:
Subsidy Source: local
Location: Illinois
City: Homewood
County: Cook
Address: 18033 S. HALSTED, HOMEWOOD, 60430
Project Description: Update to previously posted Homewood Chevy. While terms have not changed the earlier attachment was not what State wanted. A new attachment is provided. Summary of terms is First $AMOUNT sales tax split 100% Homewood Chevrolet and 0% to Village of Homewood. After $AMOUNT the split changes to 40% Homewood Chevrolet and 60% Village of Homewood until $300,000 is paid to Homewood Chevy. At that point of $850,000 paid to Homewood Chevrolet the deal is complete and 100% of future sales goes to Village of Homewood.
Year: 2004
Subsidy Value: $850,000
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.