Subsidy Tracker Individual Entry

Company: 
SMS LEASING
Parent Company: 
Subsidy Source: 
local
Location: 
Illinois
City: 
Peru
County: 
Lasalle
Address: 
5307 RT 251, PERU, 61354;
Project Description: 

Rebate 50% of Municipal Sales Tax, including any subsequently adopted Home Rule Sales Tax from businesses engaged in retail sales. Tax from each business will be rebated from the date of the opening of each business until the total of all rebated sales tax reaches $6,700,000. Estimated final date of payment is estimated, but not guaranteed to be 10 years from the date sales tax is first generated from business on the property.

Year: 
2005
Subsidy Value: 
$6,700,000
Program Name: 
Local Sales Tax Rebate
Awarding Agency: 
Department of Revenue
Type of Subsidy: 
tax credit/rebate
Notes: 

Year is year agreement began. Subsidy value is maximum rebate. Project description is verbatim text (including indeterminate amounts) from the Department of Revenue's online compilation of excerpts from local agreements.

Source Notes: 
If an online information source is not working, check the Tracker inventory page for an updated link.