Illinois General Assembly - Bill Status for SB2390

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Bill Status of SB2390 99th General Assembly

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Short Description: PENCD-CHGO TEACHER-TAX LEVY

Senate Sponsors
Sen. Mattie Hunter

Last Action

Date	Chamber	Action
1/10/2017	Senate	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 Fund during the fiscal year 2 years prior to the year for which the tax is levied, subject to a maximum rate of .78%. Provides that the Board of Education shall use the proceeds of the tax for the purpose of making employer contributions to the Chicago Teachers' Pension Fund. Effective immediately.

Actions

Date	Chamber	Action
2/3/2016	Senate	Filed with Secretary by Sen. Mattie Hunter
2/3/2016	Senate	First Reading
2/3/2016	Senate	Referred to Assignments
1/10/2017	Senate	Session Sine Die

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