Bill Status of HB4848  102nd General Assembly

Short Description:  PENCD-CHIC TCHR-PROP TAX

House Sponsors
Rep. Angelo Saviano

Last Action
DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
40 ILCS 5/17-128.1 new
30 ILCS 805/8.34 new

Synopsis As Introduced
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.

DateChamber Action
  1/13/2010HouseFiled with the Clerk by Rep. Angelo Saviano
  1/15/2010HouseFirst Reading
  1/15/2010HouseReferred to Rules Committee
  1/11/2011HouseSession Sine Die