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MegadealsSubsidy Tracker Individual Entry
Company: SAM'S WEST, INC.
Parent Company:
Walmart
Subsidy Source: local
Location: Illinois
City: LOMBARD
County: DU PAGE
Address: 611 BUTTERFIELD RD
Zip: 60148
Project Description: Upon satisfaction by Developer of all of the conditions stated in Article II of this Agreement, the Village shall rebate to Developer the Developer Sales Taxes. Said payments shall be made by the Village to Developer from Developer Sales Taxes generated by the Project during each twelve (12) month Payment Period (as defined in Section 3.03 below) following the Commencement Date (as defined in Section 3.02 below), or until the Developer receives the net present value of $AMOUNT in Developer Sales Taxes (the Maximum Net Present Value Payment ), as reduced pursuant to Section 2.08 above, and as further described in Section 3.04 below, whichever occurs first (the Revenue Sharing Term ). At the end of the Revenue Sharing Term, all future State Sales Taxes generated by the Project shall be retained by the Village. (Current Dates listed are estimates and subject to change when the business actually begins operating)
Year: 2018
Major Industry of Parent: retailing
Specific Industry of Parent: retail-discount stores
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.