Basic Search
|
Geographic Searches
|
Advanced Search |
MegadealsSubsidy Tracker Individual Entry
Company: SAM LEMAN TOYOTA BLOOMINGTON
Parent Company:
Subsidy Source: local
Location: Illinois
City: BLOOMINGTON
County: MC LEAN
Address: 1502 MORRISSEY DR
Zip: 61701
Project Description: The Developer shall acquire property in the City by January 31, 2017 and construct a new Toyota automobile dealership on the property by May 31, 2018. The Developer shall relocate its existing Toyota dealership in the City to the new site. The Developer shall invest approximately $AMOUNT in the project. The City shall rebate to the Developer 50% of the 1% Municipal Retail Sales Tax and Municipal Service Occupation Tax collected by IDOR from the operations of the Toyota dealership. The first rebate payment shall be made on May 31, 2018. The payments shall continue annually on May 31st each year thereafter until the Developer has received $AMOUNT or the final payment shall be made on May 31, 2027.
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.