Personal Property Replacement Tax
Fiscal Year Total Disbursements (July - June)
Monthly Disbursements
Please Note:The Personal Property Replacement Tax distribution for December 2011, representing replacement taxes collected in October and November, is significantly less than last year.
There are several reasons:
- Amnesty inflated 2010 receipts,
- A required transfer from the Refund Fund to the PPRT Fund inflated 2010 receipts,
- Bonus depreciation depressed 2011 receipts, and
- About $3.7 million was spent in 2011 from the PPRT Fund for local government officials’ stipends and for Regional School Superintendents.