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DIGEST OF INTRODUCED BILL
Use of tax amnesty funds to reduce welfare levy. Uses money received under the tax amnesty program to provide an additional property tax replacement credit against the amount by which family and children's fund property taxes increases in a county after 2005. Limits the total additional property tax relief granted to a taxpayer for family and children's fund property taxes imposed on not more than $350,000 of the assessed value of the taxpayer's residential property in the county and $1,000,000 of the assessed value of the taxpayer's nonresidential property in the county. Makes an appropriation.