The Illinois Department of Revenue (IDOR) Aug. 1 released a document providing an estimated entitlement of Personal Property Replacement Taxes (PPRT) for the 2025 Fiscal Year. The document, which outlines a decrease in PPRT allocations from Fiscal Year 2024, also details contributing factors to these changes and provides a listing of local taxing districts entitled to receive an allocation for Fiscal Year 2025. [Ill. Dep’t of Revenue, Fiscal Year 2025 Estimate for Replacement Taxes, 08/01/24]
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