House Joint Resolution 2 H-1095 Amend the amendment, H-1074, to House Joint 1 Resolution 2 as follows: 2 1. Page 1, by striking lines 1 through 36 and 3 inserting: 4 < Amend House Joint Resolution 2 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 or transfers made by 22 the general assembly for purposes of providing tax 23 relief and supporting economic growth through any of 24 the following means: 25 a. Personal income tax reduction. 26 b. Homeowner property tax reduction. 27 c. Sales tax reduction. 28 d. Expansion of health care coverage of Iowans 29 under the federal-state medical assistance program, as 30 authorized under section 1902(a)(10)(A)(i)(VIII) of the 31 federal Social Security Act. 32 3. The general assembly shall enact laws to 33 implement this section. 34 Sec. 2. The foregoing proposed amendment to the 35 Constitution of the State of Iowa is referred to the 36 general assembly to be chosen at the next general 37 election for members of the general assembly, and the 38 Secretary of State is directed to cause the amendment 39 to be published for three consecutive months previous 40 to the date of that election as provided by law. > 41 ___. Title page, by striking lines 1 through 5 and 42 inserting < A Joint Resolution proposing an amendment to 43 the Constitution of the State of Iowa relating to state 44 budgeting by creating a taxpayers trust fund. >> 45 ______________________________ MURPHY of Dubuque -1- H1074.805 (1) 85 jp/sc 1/ 1 #1.