PENCD-CHGO TEACHER-TAX LEVY Senate SponsorsSen. Mattie Hunter 1/13/2015SenateSession Sine Die 40 ILCS 5/17-128.1 newAmends the Chicago Teacher Article of the Illinois Pension Code. Provides that the Chicago Board of Education shall levy a property tax annually at a rate that will produce an amount equal to the amount of member contributions to the Fund during the fiscal year 2 years prior to the year for which the tax is levied, subject to a maximum rate of .26%. Provides that the Board of Education shall use the proceeds of the tax for the purpose of making employer contributions to the Chicago Teachers' Pension Fund. Effective immediately. 2/11/2014SenateFiled with Secretary by Sen. Mattie Hunter 2/11/2014SenateFirst Reading 2/11/2014SenateReferred to Assignments 2/19/2014SenateAssigned to Executive 2/27/2014SenateTo Subcommittee on Special Issues (EX) 3/28/2014SenateRule 3-9(a) / Re-referred to Assignments 1/13/2015SenateSession Sine Die