Illinois General Assembly - Bill Status for HB3199

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Bill Status of HB3199 93rd General Assembly

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Short Description: PEN CD-CHGO POL-TAX MULTIPLIER

House Sponsors
Rep. Richard T. Bradley - Joseph M. Lyons - Ralph C. Capparelli - Daniel J. Burke - Edward J. Acevedo and Kevin Joyce

Last Action

Date	Chamber	Action
1/11/2005	House	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/5-168

from Ch. 108 1/2, par. 5-168

Synopsis As Introduced
Amends the Chicago Police Article of the Illinois Pension Code to increase the multiplier used to calculate the maximum allowable pension tax, from 2.00 to 2.26. Effective immediately.

Pension Note (Pension Laws Commission)

HB 3199 would significantly increase the annual employer contributions to the Fund. In FY 2000, the City of Chicago made employer contributions of approximately $139.4 million, using a property tax multiplier of 2.00. If a property tax multiplier of 2.26 had been in effect that year, the employer contributions generated by the tax levy would have totaled approximately $157.5 million, an increase of $18.1 million.

Actions

Date	Chamber	Action
2/27/2003	House	Filed with the Clerk by Rep. Richard T. Bradley
2/27/2003	House	Chief Co-Sponsor Rep. Joseph M. Lyons
2/27/2003	House	Chief Co-Sponsor Rep. Ralph C. Capparelli
2/27/2003	House	Chief Co-Sponsor Rep. Daniel J. Burke
2/27/2003	House	Chief Co-Sponsor Rep. Edward J. Acevedo
2/27/2003	House	First Reading
2/27/2003	House	Referred to Rules Committee
2/28/2003	House	Assigned to Executive Committee
3/11/2003	House	Pension Note Filed
3/13/2003	House	Rule 19(a) / Re-referred to Rules Committee
4/14/2003	House	Added Co-Sponsor Rep. Kevin Joyce
1/11/2005	House	Session Sine Die

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