H-8234

   Amend House File 2739 as follows:
   1.  Page 7, by striking lines 2 through 11 and inserting: 
   <Sec. ___.  Section 8.54, subsection 5, paragraph b, Code 2026, is amended to read as follows:
   b.  (1)  For fiscal years in which it is anticipated that moneys will be transferred from the taxpayer relief fund to the general fund of the state in accordance with section 8.57E, subsection 2, paragraph “b”, the original state general fund expenditure limitation amount provided for in subsection 3 shall not be readjusted to include the amount of moneys anticipated to be so transferred. This paragraph subparagraph is repealed July 1, 2029 2027.
   (2)  For the fiscal year beginning July 1, 2027, and each fiscal year thereafter, in which it is anticipated that moneys will be transferred from the taxpayer relief fund to the general fund of the state in accordance with section 8.57E, subsection 2, paragraph “b”, the original state general fund expenditure limitation amount provided for in subsection 3 shall be readjusted to include the amount of moneys anticipated to be so transferred.
   (3)  This paragraph is repealed July 1, 2029.
   Sec. ___.  Section 8.57E, subsection 2, paragraph b, Code 2026, is amended by adding the following new subparagraph:
   NEW SUBPARAGRAPH.  (02)  For the fiscal year beginning July 1, 2027, and each fiscal year thereafter, the transfer pursuant to this paragraph shall not exceed the difference between the lower revenue estimate determined at the state revenue estimating conference meeting occurring prior to December 15 and the meeting occurring in March, for the fiscal year beginning the following July 1, and the net general fund appropriation for that fiscal year.>
   2.  Page 7, line 17, by striking <296,200,000> and inserting <347,013,889>
   3.  Page 8, line 6, by striking <70,300,000> and inserting <89,000,000>
   4.  Page 8, by striking lines 14 through 19.
   5.  Title page, line 6, by striking <applicability,>
   6.  By renumbering as necessary.

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LUNDGREN of Dubuque