Subsidy Tracker Individual Entry

Company: 
MEDLINE INDUSTRIES
Parent Company: 
Medline Industries
Subsidy Source: 
local
Location: 
Illinois
City: 
NORTHFIELD
County: 
COOK
Address: 
555 WAUKEGAN ROAD
Zip: 
60093
Project Description: 

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: 
2017
Major Industry of Parent: 
medical equipment and supplies
Specific Industry of Parent: 
medical supplies
Subsidy Value: 
undisclosed
Program Name: 
Local Sales Tax Rebate
Awarding Agency: 
Department of Revenue
Type of Subsidy: 
tax credit/rebate
Notes: 

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.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.