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Who pays personal property replacement taxes?

Corporations (Form IL-1120, Corporation Income and Replacement Tax Return, filers), partnerships (Form IL-1065, Partnership Replacement Tax Return, filers), trusts (Form IL-1041, Fiduciary Income and Replacement Tax Return, filers), and S corporations (Form IL-1120-ST, Small Business Corporation Replacement Tax Return, filers) pay these taxes. For more information, see Personal Property Replacement Tax - Local Governments or PTAX-1002-23, Local Governments' Guide to Tax Allocations, Calculation of Proportionate Share of Personal Property Replacement Taxes.

If you have additional inquiries, you may submit them on the Questions, Comments, or Requests form.