House
Joint
Resolution
2
H-1111
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
the
22
general
assembly
for
purposes
of
providing
tax
relief
23
for
any
of
the
following
purposes:
24
a.
Personal
income
tax
reduction.
25
b.
Homeowner
property
tax
reduction.
26
c.
Sales
tax
reduction.
27
d.
Addressing
flood
damage.
28
3.
The
general
assembly
shall
enact
laws
to
29
implement
this
section.
30
Sec.
2.
The
foregoing
proposed
amendment
to
the
31
Constitution
of
the
State
of
Iowa
is
referred
to
the
32
general
assembly
to
be
chosen
at
the
next
general
33
election
for
members
of
the
general
assembly,
and
the
34
Secretary
of
State
is
directed
to
cause
the
amendment
35
to
be
published
for
three
consecutive
months
previous
36
to
the
date
of
that
election
as
provided
by
law.
>
37
___.
Title
page,
by
striking
lines
1
through
5
and
38
inserting
<
A
Joint
Resolution
proposing
an
amendment
to
39
the
Constitution
of
the
State
of
Iowa
relating
to
state
40
budgeting
by
creating
a
taxpayers
trust
fund.
>>
41
______________________________
STECKMAN
of
Cerro
Gordo
______________________________
RUNNING-MARQUARDT
of
Linn
-1-
H1074.794
(2)
85
jp/sc
1/
1
#1.