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<xml>
<title>Illinois General Assembly - Bill Status for SB 2304   </title>
<shortdesc>PEN CD-CHIC FIRE-TAX LEVY</shortdesc>
<sponsor>
<sponsorhead1>Senate Sponsors</sponsorhead1><sponsors>Sen. Mike Jacobs</sponsors>
</sponsor>
<lastaction>
<statusdate>1/9/2007</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>40 ILCS 5/6-165</reference><aliasreference>from Ch. 108 1/2, par. 6-165</aliasreference><reference>30 ILCS 805/8.30 new</reference><aliasreference></aliasreference><SynopsisText>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.</SynopsisText></synopsis>
<actions>
<statusdate>1/12/2006</statusdate><chamber>Senate</chamber><action>Filed with Secretary by Sen. Mike Jacobs</action>
<statusdate>1/12/2006</statusdate><chamber>Senate</chamber><action>First Reading</action>
<statusdate>1/12/2006</statusdate><chamber>Senate</chamber><action>Referred to Rules</action>
<statusdate>1/9/2007</statusdate><chamber>Senate</chamber><action>Session Sine Die</action>
</actions>
</xml>

