PENCD-CHGO TEACHER-TAX LEVY
Summary
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.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2014
Committee Review
Floor Vote
Governor
Introduced Feb 11, 2014
Last action Jan 13, 2015
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
4
Jan 13, 2015
Senate · Failed
Session Sine Die
Mar 28, 2014
Senate · Referred to committee
Rule 3-9(a) / Re-referred to Assignments
Feb 27, 2014
Senate · Reported by committee
To Subcommittee on Special Issues (EX)
Feb 19, 2014
Senate · Referred to committee
Assigned to Executive
Feb 11, 2014
Senate · Referred to committee
Referred to Assignments
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Mattie Hunter
DDemocratic
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