House Joint Resolution 2 H-1141 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 the 18 general assembly for purposes of providing tax relief 19 or economic growth by any of the following means: 20 a. Personal income tax reduction. 21 b. Homeowner property tax reduction. 22 c. Sales tax reduction. 23 d. Quality job creation. 24 3. The general assembly shall enact laws to 25 implement this section. 26 Sec. 2. The foregoing proposed amendment to the 27 Constitution of the State of Iowa is referred to the 28 general assembly to be chosen at the next general 29 election for members of the general assembly, and the 30 Secretary of State is directed to cause the amendment 31 to be published for three consecutive months previous 32 to the date of that election as provided by law. > 33 2. Title page, by striking lines 1 through 5 and 34 inserting < A Joint Resolution proposing an amendment to 35 the Constitution of the State of Iowa relating to state 36 budgeting by creating a taxpayers trust fund. > 37 3. By renumbering as necessary. 38 ______________________________ JACOBY of Johnson -1- HJR2.932 (1) 85 jp/sc 1/ 1 #1. #2. #3.