April 23, 2009—Issue 15

PTAB Rulemaking—Filing Fees Provision to be Dropped

As has been reported here previously, on February 27, the Property Tax Appeal Board (“PTAB”) filed a rulemaking to do two things:  (1) institute a filing fee schedule for residential, farm, commercial, and industrial property and (2) to allow the county board of review 90 days (currently the rules provide 30 days) to submit the Board of Review Notes on Appeal and evidence.  TFI opposed the filing fees provision.  TFI understands that, in the Second Notice period, PTAB has revised its filing to forego the filing fees provision and only proceed with the Board of Review timing provision. 

Along with TFI, the Illinois State Bar Association, the Illinois Property Tax Lawyers Association, the Chicagoland Chamber of Commerce, the Illinois Farm Bureau, the Civic Federation, and the Chicago Bar Association’s Real Estate Taxation Committee opposed the PTAB rules proposal. 

PTAB’s decision to not proceed with the filing fees provision is another victory for taxpayers!!!

Illinois Estate and Generation-Skipping Transfer Tax Return Rulemaking

The Attorney General recently filed a rulemaking regarding the components of the schedule of assets that may be necessary for filing a return under the Illinois Estate and Generation-Skipping Transfer Tax Act.  The proposed rulemaking can be found at 33 Ill. Reg. 5,263-5,269 (April 10, 2009) and also accessed at this link:  click here.

Recently Released Information

The Commission on Government Forecasting and Accountability (“COGFA”) has released a report entitle, “Liabilities of the State Employees’ Group Health Insurance Program-Fiscal Year 2010,” which may be accessed at the following link:  click here.