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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
Effected JurisdictionCity of Buffalo Grove
Jurisdiction type: Municipality
Fiscal year ending In2019
Program nameAgreement with Bits
Program purpose: Business attraction/retention/expansion
Statutory authority: (not specified)
Abating jurisdiction(s): Village of Buffalo Grove
Applicable taxesSales Tax
Method of abatement: Tax Rebate
Provisions for recapture: Payback of benefits
Gross revenue loss: $566,782
Reimbursement / offset: $0
Net revenue loss: $566,782
Type of loss: Active
Additional notes on dislosure(none)