Bill Status of SB 3148   98th General Assembly

Short Description:  PENCD-CHGO TEACHER-TAX LEVY

Senate Sponsors
Sen. Mattie Hunter

Last Action  View All Actions

DateChamber Action
  1/13/2015SenateSession 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 .26%. 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 
DateChamber Action
  2/11/2014SenateFiled with Secretary by Sen. Mattie Hunter
  2/11/2014SenateFirst Reading
  2/11/2014SenateReferred to Assignments
  2/19/2014SenateAssigned to Executive
  2/27/2014SenateTo Subcommittee on Special Issues (EX)
  3/28/2014SenateRule 3-9(a) / Re-referred to Assignments
  1/13/2015SenateSession Sine Die

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