Rep. Barbara Flynn Currie

Amends the Chicago Public Schools Article of the Pension Code. Provides that the total cost of pension benefits accrued by July 1, 2013 shall be used as the base number to determine the funds to be added by the State to the pension fund for fiscal years 2014 through 2059. Provides for additional funding to be provided by the State to the pension fund based on the total cost of pension benefits accrued by July 1, 2013.

Creates the First 2014 General Revisory Act. Combines multiple versions of Sections amended by more than one Public Act. Renumbers Sections of various Acts to eliminate duplication. Corrects obsolete cross-references and technical errors. Makes stylistic changes. Effective immediately.

Amends the Illinois Procurement Code. Provides that, upon request, the Director or Secretary of any State agency shall appear before the Procurement Policy board at a regularly scheduled meeting of the board to address any questions or concerns of the board. Effective immediately.

Amends the Property Tax Code. Provides that the housing opportunity abatement program applies to tax years 2004 through 2024 (now 2014). Effective immediately.

Amends the Cigarette Tax Act. Makes a technical change in a Section concerning the short title.

Amends the School Code. Makes a technical change in a Section concerning block grants for school districts other than the Chicago school district.

Appropriates $10,000,000 from the Supreme Court Historic Preservation Fund to the Supreme Court Historic Preservation Commission for historic preservation purposes. Effective July 1, 2014.

Amends the Illinois Income Tax Act. Increases the earned income tax credit to (i) 12% of the federal tax credit for each taxable year beginning on or after January 1, 2014 and ending prior to December 31, 2015, (ii) 14% of the federal tax credit for each taxable year beginning on or after January 1, 2015 and ending prior to December 31, 2016, (iii) 16% of the federal tax credit for each taxable year beginning on or after January 1, 2016 and ending prior to December 31, 2017, (iv) 18% of the federal tax credit for each taxable year beginning on or after January 1, 2017 and ending prior to December 31, 2018, and (v) 20% of the federal tax credit for each taxable year beginning on or after January 1, 2018. Effective immediately.

Amends the Cable and Video Competition Law of 2007 in the Public Utilities Act. Makes a technical change in a Section concerning the short title of the Article.

Amends the Chicago Teacher Article of the Illinois Pension Code. Shifts future funding responsibility from the Chicago Board of Education to the State of Illinois. Specifies the amount of required State and Chicago Board of Education contributions for fiscal year 2014. Beginning in fiscal year 2015, changes the funding goal from 90% to 100% and specifies the manner of determining the required contributions from the State and the Board of Education. Defines terms. Provides for certification of contribution amounts and for payment of State contributions on a monthly basis pursuant to vouchers issued by the Board. Repeals a Section relating to additional employer contributions. Amends the State Pension Funds Continuing Appropriation Act. Provides a continuing appropriation to the Chicago Teachers' Pension Fund, on a continuing monthly basis, of the amount, if any, by which the total available amount of all other appropriations to that Fund for the payment of required State contributions is less than the total amount of the vouchers for required State contributions lawfully submitted by the Fund. Effective immediately.