PROP TX-POLICE PENSIONS
Sponsored By: Mike Porfirio (Democratic)
In Committee
Summary
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a special purpose extension made by a non-home rule municipality for mandatory contributions to a police pension fund or a firefighters' pension fund is not considered part of the municipality's aggregate extension, but only for the first year during which the levy is ever imposed by the non-home rule municipality. Provides that certain levies made under the Illinois Pension Code are not considered new rates.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & Cosponsors
Sponsor
Mike Porfirio
Democratic • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
Actions Timeline
Referred to Assignments
5/13/2025SenateFirst Reading
5/13/2025SenateFiled with Secretary by Sen. Mike Porfirio
5/13/2025Senate
Bill Text
Introduced
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