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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 Springfield
Jurisdiction type: Municipality
Fiscal year ending In2022
Program nameSales Tax Rebates for Retailers
Program purpose: General Economic Development
Statutory authority: Section 6 of Article VII of the Illinois Constitution of 1970
Abating jurisdiction(s): City of Springfield
Applicable taxesSales Tax
Method of abatement: Tax Rebate
Provisions for recapture: (not specified)
Gross revenue loss: $76,160
Reimbursement / offset: $0
Net revenue loss: $76,160
Type of loss: Active
Additional notes on dislosure3 agreements, broken down in ACFR
Document sourcehttps://www.springfield.il.us/Government/2022/2022CAFR.pdf