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MegadealsSubsidy Tracker Individual Entry
Company: KEY DEVELOPMENT PARTNERS, LLC
Parent Company:
Subsidy Source: local
Location: Illinois
City: Matteson
County: Cook
Address: 515 N. STATE #2660, CHICAGO, 60654
Project Description: The Village of Matteson shall reimburse the developer for project cost pursuant to the agreement an project plan from Business District Taxes. The Village agreed to annually deposit 90% of the sales tax revenue imposed pursuant to the Business District Act at a rate of 1% generated by businesses operating on the subject property as a result of the project. The Village agreed to incentivize not to exceed $923,391 or a termination date of 12/31/26, whichever comes first.
Year: 2011
Subsidy Value: $923,391
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.