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MegadealsSubsidy Tracker Individual Entry
Company: THE HOME DEPOT
Parent Company:
Home Depot
Subsidy Source: local
Location: Illinois
City: Normal
County: McLean
Address: 795 VETERANS PARKWAY, NORMAL, 61761
Project Description: Home Depot is to receive an annual partial refund of their 1% Illinois Municipal Retailer s Occupation Tax (state sales tax). The maximum amount that Home Depot may receive is limited to a total reimbursement of $1,227,975, plus interest of 6% per year on the unpaid principal balance. The rebate of the sales tax is equal to 60% of the 1% state sales tax. Rebates are paid quarterly, and each rebate reduces the principal balance. At the end of the fiscal year after the last rebate payment is calculated, the 6% interest on the unpaid balance will be calculated and paid. The agreement is valid May 25, 2006 through April 20, 2018.
Year: 2006
Major Industry of Parent: retailing
Specific Industry of Parent: retail-home improvement
Subsidy Value: $1,227,975
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. 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.