Illinois House Bill 5297 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 11 2011 - 100% progression
Action: 2011-01-11 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Provides that, for the 2-year period consisting of taxable years 2010 and 2011, the city council or the board of trustees of the municipality shall annually levy a tax upon all the taxable property of the municipality at the rate on the dollar that will produce an amount for that 2-year period that is the lesser of: (i) the amount levied for taxable year 2009 multiplied by 1.1 or (ii) an amount that, when added to the deductions from the salaries or wages of police officers and firefighters and revenues available from other sources, will equal a sum sufficient to meet the annual actuarial requirements of the pension funds. Effective immediately.

PEN CD-ART 3&4-FINANCING-LEVY

Rep. Karen May [D]

Date	Chamber	Action
2011-01-11		Session Sine Die
2010-03-15		Rule 19(a) / Re-referred to Rules Committee
2010-02-22		Assigned to Personnel and Pensions Committee
2010-02-03		Referred to Rules Committee
2010-02-03		First Reading
2010-02-03		Filed with the Clerk by Rep. Karen May

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=5297&GAID=10&DocTypeID=HB&SessionID=76&GA=96
Text	https://www.ilga.gov/legislation/96/HB/09600HB5297.htm