DIGEST OF INTRODUCED BILL
Child welfare levy elimination. Establishes a state funded child welfare relief credit against child welfare levies imposed in a county before 2010 for a: (1) county medical assistance to wards fund; (2) family and children's fund; (3) children's psychiatric residential treatment services fund; or (4) children with special health care needs county fund. Permits an additional credit in a tax incentive financing (TIF) area equal to the child welfare relief credit. Beginning in 2010: (1) eliminates authority for a county to impose child welfare levies; (2) specifies that the state will fund the functions that were funded by child welfare levies before 2010; (3) adjusts distributions of financial institution tax, motor vehicle excise tax, and local income tax distributions affected by the elimination of child welfare levies; and (4) establishes procedures to eliminate shortfalls of revenue in TIF areas resulting from the elimination of child welfare levies. Corrects internal references in the property tax replacement fund law. Corrects obsolete references to the division of family resources. Eliminates obsolete provisions concerning credits granted in TIF areas in Marion County for taxes due before 1992. Makes related changes. Makes an appropriation.