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 Chicago Teachers' Pension 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 Fund. Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2015
Committee Review
Floor Vote
Governor
Introduced Feb 5, 2015
Last action Jan 10, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
1
Committee
4
Mar 27, 2015
Committee
Rule 19(a) / Re-referred to Rules Committee
lower
Feb 26, 2015
Lower · Passed
To Property Tax Subcommittee
lower
Feb 24, 2015
Committee
Assigned to Revenue & Finance Committee
lower
Feb 6, 2015
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor
Sponsors
No sponsor information available.
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