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House Journal: Page 1160: Wednesday, April 1, 1998

38   by the sales tax plus an additional two percent of the
39   revenues generated by the sales tax if the
40   requirements of subsection 2 are met.
41     c.  For the fiscal year beginning July 1, 2001, an
42   amount equal to a percent of the revenues generated by
43   the sales tax, which percent equals the percentage
44   used under paragraph "b", plus an additional two
45   percent of the revenues generated by the sales tax, if
46   the requirements of subsection 2 are met.
47     d.  For each fiscal year in the period beginning
48   July 1, 2002, and ending June 30, 2007, an amount
49   equal to a percent of the revenues generated by the
50   sales tax, which percent equals the percentage used

Page 2  

 1   for the previous fiscal year, plus an additional two
 2   percent of the revenues generated by the sales tax, if
 3   the requirements of subsection 2 are met.  However,
 4   the amount appropriated for a fiscal year shall not
 5   exceed a total of twenty percent of revenues generated
 6   by the sales tax.
 7     2.  The additional two percent of revenues
 8   generated by the sales tax, as specified in subsection
 9   1, shall be appropriated in a fiscal year only if the
10   December revenue estimate for the general fund of the
11   state for the next succeeding fiscal year exceeds the
12   revenue estimate for the general fund of the state for
13   the previous fiscal year by at least four percent.
14     3.  During the budgeting process for each city and
15   county, the governing body of the city or county shall
16   request public comment, at a public hearing, on the
17   expenditure of the moneys received from the rebuild
18   our cities and counties fund.  After public comment,
19   the governing body shall specify the amount of funds
20   which will be used for tax relief, including how the
21   tax relief will be accomplished and the amount of
22   funds which will be appropriated for specific
23   programs."
Blodgett of Cerro Gordo rose on a point of order that amendment
H-8699 was not germane.
The Speaker ruled the point well taken and amendment H-8699 not
germane.
Brunkhorst of Bremer offered amendment H-8381 filed by him and
Millage of Scott as follows:

H-8381

 1     Amend House File 2498 as follows:
 2     1.  Page 19, by inserting after line 31 the

© 1998 Cornell College and League of Women Voters of Iowa

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URL: /DOCS/GA/77GA/Session.2/HJournal/01100/01160.html
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