House Joint Resolution 2010 H-8168 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. Citizens of Iowa who qualify for the earned 27 income tax credit. 28 e. Aid to small businesses. 29 3. The general assembly shall enact laws to 30 implement this section. 31 Sec. 2. The foregoing proposed amendment to the 32 Constitution of the State of Iowa is referred to the 33 general assembly to be chosen at the next general 34 election for members of the general assembly, and the 35 Secretary of State is directed to cause the amendment 36 to be published for three consecutive months previous 37 to the date of that election as provided by law. > 38 ___. Title page, by striking lines 1 through 5 and 39 inserting < A Joint Resolution proposing an amendment to 40 the Constitution of the State of Iowa relating to state 41 budgeting by creating a taxpayers relief fund. > 42 ___. By renumbering as necessary. > 43 ______________________________ PETERSEN of Polk -1- H8077.4585 (1) 84 tm/sc 1/ 1 #1.