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MegadealsSubsidy Tracker Individual Entry
Company: WAUCONDA, L.L.C.
Parent Company:
Subsidy Source: local
Location: Illinois
City: GENEVA
County: KANE
Project Description: Each calendar year, the city will rebate 50% of its allocated portion of the sales tax revenue generated by the property up to the first $AMOUNT of sales tax generated from the subject property. Once $AMOUNT is exceeded, the rebated proportion shall increase to 75% of its allocated portion of the sales tax revenue. The sales tax shall be rebated tri-annually on March 31, July 31 and November 30 of each year the agreement is in effect. The period of payments will begin when the first store is opened at the subject property and continue for fifteen years or until such time that the owner receives fifty percent (50%) of the cost of improvements.
Year: 2016
Subsidy Value: undisclosed
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. 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.