Subsidy Tracker Individual Entry

Company: 
MEIJER GREAT LAKES LP
Parent Company: 
Meijer
Subsidy Source: 
local
Location: 
Illinois
City: 
Normal
County: 
McLean
Address: 
1900 E COLLEGE AVENUE, NORMAL, 61761
Project Description: 

Meijer is to receive an annual partial refund of their 1% Illinois Municipal Retailer s Occupation Tax (state sales tax). The maximum amount that Meijer may receive is limited to a total reimbursement of $2,152,360 for infrastructure improvements. The rebate of the sales tax is equal to 33 ⅓ % of the 1% state sales tax. Rebates are paid once every three months, and each rebate reduces the principal balance. The agreement is valid October 17, 1994 through October 17, 2014.

Year: 
1994
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-supermarkets
Subsidy Value: 
$2,152,360
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.