The Institute for Professionals in Taxation (formerly the Institute of Property Taxation) - Chicago Area was started as a luncheon group designed to establish a local education and information exchange forum for tax professionals in the greater Chicago Area. The main objective was to provide a platform for an exchange of ideas and solutions to local tax issues.
Meetings are held four times a year in February, May, October and December. The first three meetings are usually held on the second Wednesday of the month and the last meeting is held the first Wednesday in December. Programs for February and October concentrate on Property Tax issues. The May meeting concentrates on Sales Tax issues. The final meeting of the year, in December, provides a program that addresses both Property Tax and Sales Tax.
In 1984 six Chicago IPT members gathered at the O'Hare Marriott to plan the creation of a local luncheon group. They decided on a place and time. Each person was assigned a task from, mailings to promotion. In order to secure the facilities and for mailing expenses, these members had to contribute their own funds. Although, there were anxious moments, and doubts that they would recoup their expenses, the Chicago area supported their efforts and the rest as they say "is history".
Our first meeting was held in January, 1984 at the O'Hare Hilton Hotel. The attendance for that meeting was in excess of 70 people.
One and one half decades have past and membership at the meetings has continued to grow, with attendance being one of the highest in the country. Through the years there have been meetings which have been attended by over 150 tax professionals. Over 1,450 different people have attended at least one meeting during our existance.
With the success of our first golf outing in 1994, annual golf outings are held as part of the Chicago Area IPT's schedule of events at Oak Meadows Golf course. The outings have been a sell out each year.
Membership in the Chicago Area IPT is key to its success. Attendance by all property and sales tax professionals regardless of their membership status with the national IPT is important. We continue to offer knowledgeable speakers, addressing timely and important tax topics. We encourage you to seek membership in the National IPT as it broadens the small scope which we initiate.
We encourage you to become an active participant in all future events. If you are interested in participating on a committee, please contact a current committee member or send us an email.
