Bill > HB3940

This bill provides an appropriation (budget allocation) for the Property Tax Appeal Board (PTAB) for the fiscal year starting July 1, 2025, detailing specific funding for various operational expenses. The bill allocates a total of $13,716,800 from the Personal Property Tax Replacement Fund, with line items covering essential operational costs such as $6,292,000 for personal services, $3,206,800 for employee retirement system contributions, $2,158,000 for group insurance, and $481,400 for social security contributions. The bill also includes smaller allocations for items like travel ($39,000), commodities ($12,500), printing ($5,500), and electronic data processing ($336,000). A notable addition is $400,000 specifically designated for costs associated with the appeal process and office relocation. The funding is designed to support the PTAB's administrative functions and ensure its ability to process property tax appeals effectively. The bill will take effect on July 1, 2025, providing clear financial guidance for the agency's upcoming fiscal year.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3940&GAID=18&DocTypeID=HB&SessionID=114&GA=104