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FY-2027 Estimate for Personal Property Replacement Taxes (PPRT)

Prior year PPRT Estimates can be found on the IDOR Archive Site.

In accordance with Illinois statute (50 ILCS 420/4.1), the Illinois Department of Revenue is required to provide an estimated entitlement* of the amount of Personal Property Replacement Taxes ("PPRT")** for each fiscal year.

The Fiscal Year 2027 PPRT allocations are estimated at $2.366 billion. This is an increase of $425.1 million (+21.9%) from Fiscal Year 2026 PPRT allocations that totaled $1.941 billion.

The following factors are affecting the FY 2027 estimate:

  • A review of past business tax payments will divert a larger share of tax payments made from pass-through entities during FY 2027 toward PPRT and away from corporate and individual income taxes. This change, based on recent tax receipts of the past few years, should minimize diversions from the PPRT fund and avoid the large fluctuations of recent years.
  • In FY 2027, the true up process will divert $154.93 million out of the PPRT fund, which is $450.84 million less than the FY 2026 diversion of $605.77 million.
  • In FY 2027, $84.3 million will be transferred from the PPRT fund to the refund fund.  
  • Statutory changes to the Illinois Income Tax Act will result in a net increase in PPRT payments made by C corporations. However, potential revenue losses tied to federal tax changes may offset gains generated by state-level tax changes.
  • An improved domestic corporate profits outlook is having a positive impact on the underlying forecast.

A detailed listing of the approximate 6,500 local taxing districts that are entitled to receive an allocation for Fiscal Year 2027 (July 1, 2026, through June 30, 2027) is available here. The list contains the following information:

District name

District number

FY 2027 estimated amount

FY 2026 actual disbursement amount

Vendor number

This information may be considered certified by the Director of the Illinois Department of Revenue solely for purposes of allowing local taxing districts to issue tax anticipation notes, in accordance with 50 ILCS 420/1 et seq., Tax Anticipation Note Act.

These numbers represent an ESTIMATE based on the best available economic data. The actual amount a local government will receive may vary. Please note that the Illinois Department of Revenue is not 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.

** "Personal Property 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.

IDOR-1-PPRT-E  (R-08/26)