Bill > SB2577

This bill is a fiscal appropriations measure for the Property Tax Appeal Board (PTAB) for the fiscal year beginning July 1, 2025, allocating a total of $13,716,800 from the Personal Property Tax Replacement Fund. The appropriation covers various operational expenses including $6,292,000 for personal services, $3,206,800 for state employee retirement system contributions, $481,400 for Social Security contributions, $2,158,000 for group insurance, and funds for activities such as contractual services, travel, commodities, printing, equipment, electronic data processing, telecommunication services, and automobile operation. Notably, the bill includes a new line item of $400,000 for costs associated with the appeal process and office relocation. These funds will support the PTAB's administrative and operational needs, ensuring the agency can continue its function of hearing and deciding property tax assessment appeals. The bill will take effect on July 1, 2025, which aligns with the start of the fiscal year for which the appropriations are designated.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2577&GAID=18&DocTypeID=SB&SessionID=114&GA=104