Illinois General Assembly - Bill Status for SB2304

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Bill Status of SB2304 102nd General Assembly

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Short Description: PEN CD-CHIC FIRE-TAX LEVY

Senate Sponsors
Sen. Mike Jacobs

Last Action

Date	Chamber	Action
1/9/2007	Senate	Session Sine Die

Statutes Amended In Order of Appearance

40 ILCS 5/6-165

from Ch. 108 1/2, par. 6-165

30 ILCS 805/8.30 new

Synopsis As Introduced
Amends the Chicago Firefighter Article of the Illinois Pension Code. In provisions concerning the property tax levied to provide revenue for the Firemen's Annuity and Benefit Fund, increases the number by which the employee contributions must be multiplied to determine the maximum dollar amount that the tax may produce. Directs the Board to recommend that the City reduce the multiplier in years in which the Fund is at least 80% funded. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.

Actions

Date	Chamber	Action
1/12/2006	Senate	Filed with Secretary by Sen. Mike Jacobs
1/12/2006	Senate	First Reading
1/12/2006	Senate	Referred to Rules
1/9/2007	Senate	Session Sine Die

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