House Joint Resolution 2010 H-8079 Amend the amendment, H-8077, to House Joint 1 Resolution 2010, as follows: 2 1. Page 1, by striking lines 1 through 36 and 3 inserting: 4 < Amend House Joint Resolution 2010 as follows: 5 ___. By striking everything after the resolving 6 clause and inserting: 7 < Section 1. The following amendment to the 8 Constitution of the State of Iowa is proposed: 9 The Constitution of the State of Iowa is amended by 10 adding the following new section to new Article XIII: 11 ARTICLE XIII. 12 TAXPAYERS TRUST FUND 13 Taxpayers trust fund. SECTION 1. 14 1. A taxpayers trust fund is created within the 15 treasury to provide tax relief. The maximum balance 16 of the trust fund shall be established by statute but 17 shall not be more than one percent of the state’s 18 annual net general revenue. 19 2. Except for temporary cash flow purposes, moneys 20 in the taxpayers trust fund shall only be used in 21 accordance with appropriations made for purposes of 22 providing tax relief for any of the following purposes: 23 a. Personal income tax reduction. 24 b. Homeowner property tax reduction. 25 c. Sales tax reduction. 26 d. Addressing flood damage. 27 3. The general assembly shall enact laws to 28 implement this section. 29 Sec. 2. The foregoing proposed amendment to the 30 Constitution of the State of Iowa is referred to the 31 general assembly to be chosen at the next general 32 election for members of the general assembly, and the 33 Secretary of State is directed to cause the amendment 34 to be published for three consecutive months previous 35 to the date of that election as provided by law. > 36 ___. Title page, by striking lines 1 through 5 and 37 inserting < A Joint Resolution proposing an amendment to 38 the Constitution of the State of Iowa relating to state 39 budgeting by creating a taxpayers relief fund. > 40 ___. By renumbering as necessary. > 41 ______________________________ STECKMAN of Cerro Gordo -1- H8077.4550 (1) 84 jp/sc 1/ 1 #1.