Text: S05489                            Text: S05491
Text: S05400 - S05499                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

Senate Amendment 5490

Amendment Text

PAG LIN
  1  1    Amend Senate Joint Resolution 2004 as follows:
  1  2    #1.  Page 3, by striking lines 19 through 30 and
  1  3 inserting the following:  
  1  4           "REQUIREMENTS FOR TAX LAW CHANGES.
  1  5    REFERENDUM TO INCREASE TAXES.  Section. 1.  The
  1  6 people reserve to themselves the power to affirm or
  1  7 reject at the polls any Act or a portion of any Act of
  1  8 the General Assembly which raises the tax rates
  1  9 imposed on the income of individuals or sales or use
  1 10 tax rates.
  1 11    A referendum to affirm or reject an Act or portion
  1 12 of an Act which raises the tax rates imposed on the
  1 13 income of individuals or sales or use tax rates shall
  1 14 be held not later than ninety days after the final
  1 15 adjournment of the session of the General Assembly
  1 16 that passed the Act on which a referendum is required.
  1 17 An Act or portion of an Act which raises the tax rates
  1 18 imposed on the income of individuals or sales or use
  1 19 tax rates shall not become effective until the
  1 20 question is decided by the voters at the polls.
  1 21    An Act or portion of an Act which raises the tax
  1 22 rates imposed on the income of individuals or sales or
  1 23 use tax rates is deemed rejected if a majority of the
  1 24 votes cast are in favor of rejecting the Act.  An Act
  1 25 or portion of an Act rejected is repealed immediately
  1 26 upon certification of the referendum results by the
  1 27 Secretary of State."
  1 28    #2.  Page 4, line 3, by striking the figure and
  1 29 word "1 or".
  1 30    #3.  Page 4, line 7, by striking the figure and
  1 31 word "1 or".
  1 32    #4.  Page 4, line 9, by striking the figure and
  1 33 word "1 or".  
  1 34 
  1 35 
  1 36                               
  1 37 TOM VILSACK 
  1 38 SJR 2004.203 77
  1 39 sc/jl/28

Text: S05489                            Text: S05491
Text: S05400 - S05499                   Text: S Index
Bills and Amendments: General Index     Bill History: General Index

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