Subsidy Tracker Individual Entry
To establish a new retail business within the Village and pursuant to the provisions of 65 ILCS 5/8-11-20, Economic Incentive Agreements, the Village enters into this Agreement to reimburse Medline, a fifty seven and fifteen hundredths percent (57.15%) of the Local Share of any Illinois Retailer s Occupation Tax and Illinois Retailer s Service Occupation Tax or any other sales tax or successor tax that may be enacted by the State of Illinois as a replacement thereto, that is generated by Medline and distributed to the Village (which, as of the date of this Agreement, consists of one and 75 hundredths percent (1.75%) of the amount of applicable sales).
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.
