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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

StateIllinois
Reporting JurisdictionCity of Aurora
Jurisdiction type: Municipality
Fiscal year ending In2016
Program nameHotel Occupancy Tax Abatement
Program purpose: General Economic Development
Statutory authority: (not specified)
Abating jurisdiction(s): City of Aurora
Applicable taxesHotel Occupancy Tax
Method of abatement: Tax Rebate
Provisions for recapture: Yes
Gross revenue loss: $250,000
Reimbursement / offset: $0
Net revenue loss: $250,000
Type of loss: Active
Additional notes on dislosureThe rebate is subject to recapture, in whole or in part, if the hotel does not maintain operations until February 1, 2026. CAFR notes an additional sales Tax Rebate program, but cannot disclose the amount due to confidentiality concerns.
Document sourcehttps://www.aurora-il.org/Archive.aspx?AMID=55