HB 5731

  • Illinois House Bill
  • 98th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Pencd-Chgo Teacher-Tax Levy

Abstract

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.

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Dec 03, 2014

House

Session Sine Die

Feb 14, 2014

House

Filed with the Clerk by Rep. Kenneth Dunkin

House

First Reading

House

Referred to Rules Committee

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