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House Journal: Page 1157: Monday, April 3, 1995

SEC. 2. "Revenue" includes all amounts received from all
sources, including but not limited to all taxes, fees, charges,
assessments, and other receipts, except these excluded amounts: 
(1) amounts refunded to the payers; (2) gifts and contracts from
nongovernmental sources; (3) receipts from the federal
government; (4) fees voluntarily paid for hospital or public
utility services, but any part of a fee in excess of the actual
cost of providing that service is revenue; (5) an amount equal
to a government's net cost increase required by a federal law or
rule, or change in a federal law or rule, that takes effect
after this Article 1 becomes effective, but only to the extent
not offset by federal funds; (6) amounts collected pursuant to
section 8 of Article VII; (7) all amounts borrowed lawfully; (8)
receipts applied to repay borrowing, including interest, if the
borrowing was authorized by vote of the electors; (9) receipts
applied to repay borrowing, including interest, if the borrowing
is within a class for which the receipts applied to repayment
are excluded from revenue by law adopted by two-thirds vote of
the whole membership of each house of the general assembly and
approved by the governor; and (10) amounts excluded from revenue
by sections 3 and 9.
SEC. 3. The state revenue limit excludes, and the local limits
include, state revenue transferred to local governments or
applied as tax credits against local taxes. Any other amount
transferred between governments is counted only once as revenue,
by the government first receiving it.
SEC. 4. If a government's revenue in a fiscal year exceeds its
revenue limit, its limit for the next fiscal year shall be
reduced by the excess amount.
SEC. 5. A government's revenue limit may be temporarily
increased in an amount approved by a majority of that
government's electors voting in a referendum. The increase is
effective for no more than five fiscal years. Each referendum
ballot is limited to this issue and shall not include any other
proposal or subject. Each such referendum shall be held only on
the first Tuesday after the first Monday in June or the first
Tuesday after the first Monday in November.
SEC. 6. One or more revenue limits may be temporarily increased
by law adopted by two-thirds vote of the whole membership of
each house of the General Assembly and approved by the Governor.
A local government's revenue limit may be temporarily increased
by not more than ten percent, by vote of three-fourths of the
whole membership of its governing body after prominent notice
and public hearing. Each increase under this section is
effective for only one fiscal year.

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 1)

© 1995 Cornell College and League of Women Voters of Iowa

Comments? hjourn@legis.iowa.gov.

Last update: Sun Jan 14 21:05:02 CST 1996
URL: /DOCS/GA/76GA/Session.1/HJournal/01100/01157.html
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