In case you missed our initial report from August 26, the Illinois Department of Revenue (IDOR) Fiscal Year 2025 Personal Property Replacement Tax (PPRT) allocations are estimated at $2.016 billion. This is a decrease from Fiscal Year 2024 PPRT allocations that totaled $2.991 billion.
A detailed listing of the approximate 6,500 local taxing districts entitled to receive an allocation for Fiscal Year 2025 (July 1, 2024 through June 30, 2025) is available via this link.
ISACo has prepared a Policy Brief (available via this link) with additional information about PPRT.