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.