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MegadealsSubsidy Tracker Individual Entry
Company: RAY CHRYSLER DODGE JEEP RAM
Parent Company:
Subsidy Source: local
Location: Illinois
City: FOX LAKE
County: LAKE
Address: 23 NORTH US HIGHWAY 12
Zip: 60020
Project Description: Ray's (Double S) will receive 75% of sales tax rebated from commencement date to 5 years. The Village will receive the remainder of 25% from commencement date to 5 years. From 5 years to 20 years Ray's (Double S) will receive 65% Village will receive 35% of sales tax rebated. After 20 years Village will receive 100%. Notwithstanding anything herein to the contrary, the maximum amount of Municipal Sales Tax Revenue paid to Ray's (Double S) shall be $3,900,000.00
Year: 2016
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.