Subsidy Tracker Individual Entry

Company: 
SPEEDWAY, LLC
Parent Company: 
Marathon Petroleum
Subsidy Source: 
local
Location: 
Illinois
City: 
EAST DUNDEE
County: 
KANE
Address: 
NW CORNER OF CHRISTINA DR AND RT 72
Zip: 
60118
Project Description: 

An amount equal to the lesser of $200,000 or 41%, but in no event less than the Adjusted Reimbursement divided by 15 years, of the taxes generated by the operation of the businesses for the prior 12 calendar months at the subject property.

Year: 
2017
Major Industry of Parent: 
oil and gas
Specific Industry of Parent: 
oil & gas
Subsidy Value: 
undisclosed
Program Name: 
Local Sales Tax Rebate
Awarding Agency: 
Department of Revenue
Type of Subsidy: 
tax credit/rebate
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.