Bill Status of HB4579 99th General Assembly
Short Description: CHGO BD EDUC-PENSION TAX LEVY
Rep. Marcus C. Evans, Jr. - David Harris - Michael J. Madigan - Mary E. Flowers - Camille Y. Lilly
(Sen. Mattie Hunter - Don Harmon)
| 1/10/2017||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the School Code. Provides that a separate tax shall be levied by the Chicago Board of Education for the purpose of making an employer contribution to the Public School Teachers' Pension and Retirement Fund of Chicago, at the rate of 0.26%; requires the proceeds from this separate tax to be paid directly to the Pension Fund. Makes a corresponding reduction in the rate limitation for the tax for general educational purposes. Effective immediately.