Subsidy Tracker Individual Entry
The Business Development Agreement between the Village of Oak Lawn ("the Village") and Target Corporation ("Target") requires the Village to rebate to Target 50% of the annual sales tax revenue remitted to the Illinois Department of Revenue and 50% of the annual property tax revenue remitted to the Cook County Treasurer in excess of the $AMOUNT base amount as calculated based on the 2003 calendar year. The total rebate under the Agreement is limited to $3,624,371.62 over the sixteen-year term of the Agreement.
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.