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MegadealsSubsidy Tracker Individual Entry
Company: REGIONAL READY MIX
Parent Company:
Subsidy Source: local
Location: Illinois
City: HILLCREST
County: OGLE
Address: 15051 LIND ROAD
Zip: 61068
Project Description: In order to assist Regional in managing costs of relocating its ready mix concrete plant to a location more acceptable to the Village, and in recognition of Regional's decision to keep its operation within the Village limits, the Village agrees to rebate to Regional fifty percent (50) of sales tax revenue received by the Village from Regional's business for a period of eight (8) calendar years. The first payment shall be payable for the calendar year, and each calendar year thereafter until fully paid, following the calendar year in which Regional completes the relocation of its ready mix plant, as certified by the Village Building Inspector...conditional on the Village verifying the amount of sales tax paid to the Village by Regional.
Year: 2015
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.