Subsidy Tracker Individual Entry

Company: 
MEIJER
Parent Company: 
Meijer
Subsidy Source: 
local
Location: 
Illinois
City: 
Homer Glen
County: 
Will
Address: 
14169 SOUTH BELL RD, HOMER GLEN, 60491
Project Description: 

The Village shall rebate to MNeijer a portion of the aggregate yearly sales tax revenue. This shall be known as the "Sales Tax Distribution." The Sales Tax Distribution shall be calculated as follows: 50% to Meijer and 50% to the Village. Meijer's right to receive a distribution from the Sales Tax Revenue as provided shall terminate 15 years fromt he effective date or upon reaching the amount of $1,490,273.00, whichever occurs first.

Year: 
2008
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-supermarkets
Subsidy Value: 
$1,490,273
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: 
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