Illinois General Assembly - Bill Status for HB5731

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Bill Status of HB5731 98th General Assembly

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Short Description: PENCD-CHGO TEACHER-TAX LEVY

House Sponsors
Rep. Kenneth Dunkin

Last Action

Date	Chamber	Action
12/3/2014	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/17-128.1 new

Synopsis As Introduced
Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that the Chicago Board of Education shall levy a property tax annually at a rate that will produce an amount equal to the amount of member contributions to the Chicago Teachers' Pension Fund during the fiscal year 2 years prior to the year for which the tax is levied, subject to a maximum rate of .26%. Provides that the Board of Education shall use the proceeds of the tax for the purpose of making employer contributions to the Fund. Effective immediately.

Actions

Date	Chamber	Action
2/14/2014	House	Filed with the Clerk by Rep. Kenneth Dunkin
2/14/2014	House	First Reading
2/14/2014	House	Referred to Rules Committee
12/3/2014	House	Session Sine Die

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