Subsidy Tracker Individual Entry

Company: 
KOHL'S
Parent Company: 
Kohl's
Subsidy Source: 
local
Location: 
Illinois
City: 
Galesburg
County: 
Knox
Address: 
LOT 2 IN SEMINARY SQUARE, GALESBURG, 61401
Project Description: 

Commencing upon the opening of the store and continuing until the earlier of (a) the permanent cessation of sales by Kohl's or (b)the date that the rebate totals $1,200,000. The City shall rebate the retailer's occupation tax collected to Kohl's at a 50/50 split between the City and Kohl's.

Year: 
2011
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-department stores
Subsidy Value: 
$1,200,000
Program Name: 
Local Sales Tax Rebate
Awarding Agency: 
Department of Revenue
Type of Subsidy: 
tax credit/rebate
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.