Subsidy Tracker Individual Entry

Company: 
TARGET CORP/TARGET STORE T-2087
Parent Company: 
Target
Subsidy Source: 
local
Location: 
Illinois
City: 
Oak Lawn
County: 
Cook
Address: 
4120 WEST 95TH STREET, OAK LAWN, 60453
Project Description: 

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: 
2012
Major Industry of Parent: 
retailing
Specific Industry of Parent: 
retail-discount stores
Subsidy Value: 
$3,624,372
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.