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MegadealsSubsidy Tracker Individual Entry
Company: O'HARE REAL ESTATE LLC
Parent Company:
Subsidy Source: local
Location: Illinois
City: DES PLAINES
County: COOK
Project Description: (I) The City will rebate to the Developer Pledged Sales Taxes up to a maximum amount of $2,000,000 over the term of this Agreement in accordance with the terms of this Section 12.B (" Sales Tax Rebate"). For the purposes of this Section 12.B, " Pledged Sales Tax Funds" shall be an amount equal to 25% of the Municipal Sales Tax Revenue generated by the commercial uses developed on the Development Parcel in the previous calendar year.
Year: 2017
Subsidy Value: undisclosed
Program Name: Local Sales Tax Rebate
Awarding Agency: Department of Revenue
Type of Subsidy: tax credit/rebate
Source of Data:
(click here)
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.