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MegadealsSubsidy Tracker Individual Entry
Company: PATTERSON DENTAL SUPPLY, INC.
Parent Company:
Patterson
Subsidy Source: local
Location: Illinois
City: WOOD DALE
County: DU PAGE
Address: 1226 N MICHAEL DR
Zip: 60191
Project Description: The City of Wood Dale will rebate to Patterson Dental 0.25% of all taxable revenue generated at the Property if the growth of the Local Sales Tax Receipts is 5% or greater than the prior Sales Tax Year. The City of Wood Dale shall rebate 0.125% of all taxable revenue generated at the Property to Patterson Dental if the growth of the Local Sales Tax Receipts is less than 5% than the prior Sales Tax Year. The year-over-year growth of the Local Sales Tax Receipts shall be calculated and agreed to by the Parties on an annual basis to determine the amount of the EIP. An example of the calculation that shall be used to determine the EIP is shown in Exhibit A. Before Patterson Dental is entitled to receive any EIP, on an annual basis Patterson Dental shall, upon the conclusion of each Sales Tax Year, provide to the City of Wood Dale a copy of the sales tax information relating to revenue generated at the Property that Patterson Dental provides to IDOR.
Year: 2017
Major Industry of Parent: wholesalers
Specific Industry of Parent: wholesalers-medical supplies
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.