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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.

State or TerritoryIllinois
Effected JurisdictionCounty Of Winnebago School District 320
Jurisdiction type: School District
Fiscal year ending In2019
Program nameVarious 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 taxesProperty 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 dislosureRecipient of abatement is Ralcorp Holdings, Inc. Abatement started in 2015.