House Amendment 8633 PAG LIN 1 1 Amend Senate Joint Resolution 2010, as passed by 1 2 the Senate, as follows: 1 3 #1. Page 1, line 6, by inserting after the word 1 4 <INCREASES> the following: <OR REDUCTIONS>. 1 5 #2. Page 1, line 7, by inserting after the word 1 6 <INCREASES> the following: <OR REDUCTIONS>. 1 7 #3. Page 1, by inserting after line 20, the 1 8 following: 1 9 <If all tax and fee reductions adopted in a fiscal 1 10 year would reduce annual revenue exceeding one percent 1 11 of total state general fund revenue received in the 1 12 preceding fiscal year, excluding transfers from other 1 13 state funds, the reductions shall be submitted to the 1 14 electors, starting with the largest reduction and 1 15 including reductions in descending order, except the 1 16 remaining reductions that total one percent or less. 1 17 All reductions of any one tax or fee shall together be 1 18 regarded as one reduction. An adopted tax or fee 1 19 reduction required by this article to be submitted to 1 20 the electors shall take effect only if submitted to 1 21 the electors at the next state general election and 1 22 approved by a majority of the electors voting 1 23 thereon.> 1 24 #4. Page 2, by inserting after line 11, the 1 25 following: 1 26 < . "Reduction" includes, but is not limited to, 1 27 reducing a rate or amount; adopting or increasing an 1 28 exemption, deduction, credit, exclusion, reduction, or 1 29 indexing requirement; or narrowing the base or scope 1 30 of a tax or fee in any way.> 1 31 #5. Page 2, by inserting after line 20, the 1 32 following: 1 33 < . "Reduce annual revenue" means the estimated 1 34 net reduction over the fiscal year preceding adoption 1 35 in total state general fund revenue produced by the 1 36 total of all tax and fee reductions adopted in a 1 37 fiscal year, plus estimated refunds payable as a 1 38 result of the reductions, all as estimated for the 1 39 fiscal year in which all such reductions are adopted, 1 40 as if all such reductions and refunds were fully 1 41 effective and entirely implemented for that full 1 42 fiscal year. Actual amounts, if known, shall be used 1 43 instead of estimates.> 1 44 #6. Page 2, line 28, by inserting after the word 1 45 <article> the following: <relating to tax increases>. 1 46 #7. Page 3, line 9, by inserting after the word 1 47 <increase> the following: <or reduction>. 1 48 #8. Page 3, line 12, by inserting after the word 1 49 <increase> the following: <or reduction>. 1 50 #9. Page 3, line 14, by inserting after the word 2 1 <increase> the following: <or reduction>. 2 2 #10. Page 3, by striking lines 16 through 18, and 2 3 inserting the following: <required by this article. 2 4 A citizen or taxpayer who brings suit>. 2 5 #11. Title page, line 3, by inserting after the 2 6 word <increases> the following: <or reductions>. 2 7 #12. By renumbering as necessary. 2 8 2 9 2 10 2 11 FALLON of Polk 2 12 SJR 2010.204 80 2 13 sc/sh -1-