House
Joint
Resolution
2
H-1140
Amend
House
Joint
Resolution
2
as
follows:
1
1.
By
striking
everything
after
the
resolving
2
clause
and
inserting:
3
<
Section
1.
The
following
amendment
to
the
4
Constitution
of
the
State
of
Iowa
is
proposed:
5
The
Constitution
of
the
State
of
Iowa
is
amended
by
6
adding
the
following
new
section
to
new
Article
XIII:
7
ARTICLE
XIII.
8
TAXPAYERS
TRUST
FUND
9
Taxpayers
trust
fund.
SECTION
1.
10
1.
A
taxpayers
trust
fund
is
created
within
the
11
treasury
to
provide
tax
relief.
The
maximum
balance
12
of
the
trust
fund
shall
be
established
by
statute
but
13
shall
not
be
more
than
one
percent
of
the
state’s
14
annual
net
general
revenue.
15
2.
Except
for
temporary
cash
flow
purposes,
moneys
16
in
the
taxpayers
trust
fund
shall
only
be
used
in
17
accordance
with
appropriations
or
transfers
made
by
18
the
general
assembly
for
purposes
of
providing
tax
19
relief
and
supporting
economic
growth
through
any
of
20
the
following
means:
21
a.
Personal
income
tax
reduction.
22
b.
Homeowner
property
tax
reduction.
23
c.
Sales
tax
reduction.
24
d.
Expansion
of
health
care
coverage
of
Iowans
25
under
the
federal-state
medical
assistance
program,
as
26
authorized
under
section
1902(a)(10)(A)(i)(VIII)
of
the
27
federal
Social
Security
Act.
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
2.
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
______________________________
MURPHY
of
Dubuque
-1-
HJR2.970
(2)
85
jp/sc
1/
1
#1.
#2.