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MegadealsSubsidy Tracker Individual Entry
Company: WEBB CHEVROLET, INC.
Parent Company:
Subsidy Source: local
Location: Illinois
City: Oak Lawn
County: Cook
Address: 9440 SOUTH CICERO AVENUE, OAK LAWN, 60453-2520
Project Description: The Business Development Agreement between the Village of Oak Lawn ("the Village")and Webb Chevrolet, Inc. ("Webb") provides that the Village shall rebate 50% of the annual sales tax revenue remitted to the Illinois Department of Revenue in excess of the base amount of $AMOUNT which was set based on the three year average annual sales for the period from 2007 thru 2009. Total rebates under the Agreement are limited to $4 million based on the original construction costs over the twelve-year term of the Agreement.
Year: 2012
Subsidy Value: $4,000,000
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.