97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB3398
 
Introduced 2/24/2011, by Rep. Robert Rita
 
SYNOPSIS AS INTRODUCED:



40 ILCS 5/17-128.1 new
30 ILCS 805/8.35 new
 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.



LRB097 05113 JDS 45158 b


FISCAL NOTE ACT MAY APPLY
PENSION IMPACT NOTE ACT MAY APPLY
STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT
 
 
A BILL FOR
 


HB3398LRB097 05113 JDS 45158 b



1 AN ACT concerning public employee benefits.


2 Be it enacted by the People of the State of Illinois,

3represented in the General Assembly:



4 Section 10. The Illinois Pension Code is amended by adding 
5Section 17-128.1 as follows:

6 (40 ILCS 5/17-128.1 new)
7 Sec. 17-128.1. Financing; tax levy. Beginning with the 
8school and fiscal years ending June 30, 2012, the Board of 
9Education shall demand and direct and the city council of the 
10city shall levy a tax of 0.1% annually upon all taxable 
11property in the city. This tax shall be known as the Public 
12School Teachers' Pension and Retirement Fund Tax. The tax shall 
13be levied and collected in like manner with the general taxes 
14of the city and shall be exclusive of and in addition to the 
15amount of tax the city is now or may hereafter be authorized to 
16levy for general purposes under any laws that may limit the 
17amount of tax that the city may levy for general purposes. The 
18county clerk of the county in which the city is located, in 
19reducing tax levies under the provisions of any Act concerning 
20the levy and extension of taxes, shall not consider the tax 
21provided for as a part of the general tax levy for city 
22purposes and shall not include the same within any limitation 
23of the percent of the assessed valuation upon which taxes are 
 
 
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1required to be extended for the city.
2 Revenues derived from the tax authorized under this Section 
3shall be paid to the city treasurer of the city as collected 
4and held by him or her for the benefit of the fund.
5 If the payments on account of taxes are insufficient during 
6any year to meet the requirements of this Article, the city may 
7issue tax anticipation warrants against the current tax levy.

8 Section 90. The State Mandates Act is amended by adding 
9Section 8.35 as follows:

10 (30 ILCS 805/8.35 new)
11 Sec. 8.35. Exempt mandate. Notwithstanding Sections 6 and 8 
12of this Act, no reimbursement by the State is required for the 
13implementation of any mandate created by this amendatory Act of 
14the 97th General Assembly.


15 Section 99. Effective date. This Act takes effect upon 
16becoming law.