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IL HB2526
Bill
Status
2/18/2015
Primary Sponsor
Michael Tryon
Click for details
AI Summary
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Requires taxing districts that pick up or pay employees' contributions to public pension funds to certify the dollar amount of their tax levy used for this purpose to the county clerk by the last Tuesday in December each year.
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Mandates that property tax bills include a separate statement for each taxing district showing the dollar amount of tax due that will be used to pick up or pay employees' contributions to public pension funds.
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Amends the Property Tax Code by adding Section 18-17 and modifying Section 20-15 to implement pension contribution disclosure requirements.
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Takes effect immediately upon becoming law.
Legislative Description
PROP TX-TAX BILLS-PENSION
Last Action
Added Chief Co-Sponsor Rep. David S. Olsen
8/15/2016