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MegadealsSubsidy Tracker Individual Entry
Company: KELLEY WILLIAMSON CO.
Parent Company:
Subsidy Source: local
Location: Illinois
City: Loves Park
County: Winnebago
Address: 6224 N.2ND STREET, LOVES PARK, 61111-4158
Project Description: 50% of local government share of sales tax collected is rebated to the business for 10 years or $100,000.00 whichever comes first. After the $100,000.00 limit is reached, up to an additional $200,000.00 may be rebated during the remainder of the 10 year time period. The actual rebate under the second part of the agreement is determined by calculating the increased increment generated in the N.2nd Street TIF District in which the the business is located. The increased increment generated in the first year after the improvements are completed less the base EAV of the property, times the remaining years in the life of the TIF district, times 70% calculates the cap for the second part of the agreement, or $200,000.00 whichever is less. The second part of the agreement expires at the end of the 10 year period, regardless of amount rebated at that time.
Year: 2009
Subsidy Value: $300,000
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.