HB 4300

  • Illinois House Bill
  • 95th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Pencd-Chic Tchr-Prop Tax

Abstract

Amends the Chicago Teacher Article of the Illinois Pension Code. Provides that the Board of Education shall demand and direct and the city council of the city shall levy a tax of 0.1% annually upon all taxable property in the city. Provides that revenues derived from the tax shall be paid to the city treasurer of the city as collected and held by him or her for the benefit of the Public School Teachers' Pension and Retirement Fund of Chicago. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Bill Sponsors (1)

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Jan 13, 2009

House

Session Sine Die

Jan 09, 2008

House

Filed with the Clerk by Rep. Angelo Saviano

House

First Reading

House

Referred to Rules Committee

Bill Text

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