Personal Property Replacement Tax
The Personal Property Replacement Tax (PPRT) distribution for December, representing replacement taxes collected in October and November, is significantly less than last year. Several reasons are
- amnesty inflated 2010 receipts;
- a required transfer from the Refund Fund to the PPRT Fund inflated 2010 receipts;
- bonus depreciation depressed 2011 receipts;
- about $3.7 million was spent in 2011 from the PPRT Fund for local government officials’ stipends and for Regional School Superintendents.
