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.
| State or Territory: | Illinois |
| Effected Jurisdiction: | City of Aurora |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2016 |
| Program name: | Hotel Occupancy Tax Abatement |
| Program purpose: | General Economic Development |
| Statutory authority: | (not specified) |
| Abating jurisdiction(s): | City of Aurora |
| Applicable taxes: | Hotel 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 dislosure: | The 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 source: | https://www.aurora-il.org/Archive.aspx?AMID=55 |
