House Joint Resolution 2 H-1108 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 protection of public safety for any of the 24 following purposes: 25 a. Personal income tax reduction. 26 b. Homeowner property tax reduction. 27 c. Sales tax reduction. 28 d. Expansion of prison space used to confine sex 29 offenders. 30 3. The general assembly shall enact laws to 31 implement this section. 32 Sec. 2. The foregoing proposed amendment to the 33 Constitution of the State of Iowa is referred to the 34 general assembly to be chosen at the next general 35 election for members of the general assembly, and the 36 Secretary of State is directed to cause the amendment 37 to be published for three consecutive months previous 38 to the date of that election as provided by law. > 39 ___. Title page, by striking lines 1 through 5 and 40 inserting < A Joint Resolution proposing an amendment to 41 the Constitution of the State of Iowa relating to state 42 budgeting by creating a taxpayers trust fund. >> 43 ______________________________ MURPHY of Dubuque -1- H1074.808 (1) 85 jp/sc 1/ 1 #1.