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: | County Of Winnebago School District 320 |
Jurisdiction type: | School District |
Fiscal year ending In: | 2019 |
Program name: | Various Property Tax Abatement Programs |
Program purpose: | General Economic Development |
Statutory authority: | 35 ILCS 200/18-165 |
Abating jurisdiction(s): | County Of Winnebago School District 320 |
Applicable taxes: | Property Tax |
Method of abatement: | Tax Abatement |
Provisions for recapture: | The abatement agreement will be terminated if the Company ceases to operate on the property for a period of six months. |
Gross revenue loss: | $65,035 |
Reimbursement / offset: | $0 |
Net revenue loss: | $65,035 |
Type of loss: | Active |
Additional notes on dislosure: | Recipient of abatement is Ralcorp Holdings, Inc. Abatement started in 2015. |