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MegadealsSubsidy Tracker Individual Entry
Company: Zeigler Hoffman Estates LLC
Parent Company:
Subsidy Source: local
Location: Illinois
City: Hoffman Estates
County: Cook
Address: 1051 W HIGGINS RD
Zip: 60169-4205
Project Description: Commencing on the Incentive Payment Start Date (date when the first Certificate of Occupancy is obtained on the Property) the Village will pay Zeigler Incentive Payments in yearly installments for a period of 10 years or a maximum of $2,400,000. Percentages range from 100% in year 1 to 25% in year 10. Incentive will only be paid when sales tax exceeds base amount of $AMOUNT each year. Base amount is kept by Village.
Year: 2020
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.