Illinois General Assembly - Bill Status for SB2304
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 Bill Status of SB2304  94th General Assembly

Short Description:  PEN CD-CHIC FIRE-TAX LEVY

Senate Sponsors
Sen. Mike Jacobs

Last Action
DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/6-165from 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.

DateChamber Action
  1/12/2006SenateFiled with Secretary by Sen. Mike Jacobs
  1/12/2006SenateFirst Reading
  1/12/2006SenateReferred to Rules
  1/9/2007SenateSession Sine Die

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