House Joint Resolution 2 H-1139 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. The maximum balance of the trust fund shall 16 be established by statute but shall not be more than 17 one percent of the state’s annual net general revenue. 18 2. Except for temporary cash flow purposes, moneys 19 in the taxpayers trust fund shall only be used in 20 accordance with appropriations or transfers made by the 21 general assembly for purposes of providing tax relief 22 or enhancement of public safety through any of the 23 following means: 24 a. Personal income tax reduction. 25 b. Homeowner property tax reduction. 26 c. Sales tax reduction. 27 d. Addressing flood disaster prevention, 28 mitigation, and relief. 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 trust fund. >> 42 ______________________________ ISENHART of Dubuque -1- H1074.813 (2) 85 jp/sc 1/ 1 #1.