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Fiscal Year 2010 Estimate for Replacement Taxes

In accordance with current statute, the Illinois Department of Revenue is required to provide an estimated entitlement* of the amount of Personal Property Replacement Taxes** for Fiscal Year 2010.

Personal Property Replacement Taxes to be allocated for FY 2010 is estimated to be $1,132 million.  This is a decline of 17.3% from FY09's allocations of $1,368 million. Replacement tax allocations are estimated to be lower in FY 2010 primarily due to the ongoing recession.

Click here for a detailed listing of all local districts which are entitled to receive an allocation for Fiscal Year 2010 (July 1, 2009 through June 30, 2010). The list contains the following information:

This information may be considered certified by the Director of the Illinois Department of Revenue in accordance with 50 ILCS 420, Tax Anticipation Note Act.

Please note that the Illinois Department of Revenue and staff shall in no way be liable for error or miscalculation in certification of entitlements.

* "Entitlement" - the amount of the Replacement Tax paid or to be paid in any given full year to a unit of government.

** "Replacement Taxes" - the tax or taxes, as by law now or hereafter enacted or amended, imposed by the General Assembly to replace revenue lost by units of government as a result of the abolition of ad valorem personal property taxes pursuant to Article IX, Section 5(c) of the Constitution of the State of Illinois.