Senate Joint Resolution 2002 - Enrolled PAG LIN 1 1 SENATE JOINT RESOLUTION 2002 1 2 1 3 A JOINT RESOLUTION 1 4 PROPOSING AN AMENDMENT TO THE CONSTITUTION OF THE STATE OF IOWA 1 5 TO DEDICATE A PORTION OF STATE REVENUE FROM THE TAX IMPOSED 1 6 ON CERTAIN RETAIL SALES OF TANGIBLE PERSONAL PROPERTY AND 1 7 SERVICES FOR THE BENEFIT OF THE STATE'S NATURAL RESOURCES. 1 8 1 9 BE IT RESOLVED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 1 10 1 11 Section 1. The following amendment to the Constitution of 1 12 the State of Iowa is proposed: 1 13 Article VII of the Constitution of the State of Iowa is 1 14 amended by adding the following new section: 1 15 NATURAL RESOURCES. SEC. 10. A natural resources and 1 16 outdoor recreation trust fund is created within the treasury 1 17 for the purposes of protecting and enhancing water quality and 1 18 natural areas in this State including parks, trails, and fish 1 19 and wildlife habitat, and conserving agricultural soils in 1 20 this State. Moneys in the fund shall be exclusively 1 21 appropriated by law for these purposes. 1 22 The general assembly shall provide by law for the 1 23 implementation of this section, including by providing for the 1 24 administration of the fund and at least annual audits of the 1 25 fund. 1 26 Except as otherwise provided in this section, the fund 1 27 shall be annually credited with an amount equal to the amount 1 28 generated by a sales tax rate of three=eighths of one percent 1 29 as may be imposed upon the retail sales price of tangible 1 30 personal property and the furnishing of enumerated services 1 31 sold in this State. 1 32 No revenue shall be credited to the fund until the tax rate 1 33 for the sales tax imposed upon the retail sales price of 1 34 tangible personal property and the furnishing of enumerated 1 35 services sold in this State in effect on the effective date of 2 1 this section is increased. After such an increased tax rate 2 2 becomes effective, an amount equal to the amount generated by 2 3 the increase in the tax rate shall be annually credited to the 2 4 fund, not to exceed an amount equal to the amount generated by 2 5 a tax rate of three=eighths of one percent imposed upon the 2 6 retail sales price of tangible personal property and the 2 7 furnishing of enumerated services sold in this State. 2 8 Sec. 2. REFERRAL AND PUBLICATION. The foregoing proposed 2 9 amendment to the Constitution of the State of Iowa is referred 2 10 to the General Assembly to be chosen at the next general 2 11 election for members of the General Assembly and the Secretary 2 12 of State is directed to cause it to be published for three 2 13 consecutive months before the date of the election as provided 2 14 by law. 2 15 2 16 2 17 2 18 JOHN P. KIBBIE 2 19 President of the Senate 2 20 2 21 2 22 2 23 PATRICK J. MURPHY 2 24 Speaker of the House 2 25 2 26 I hereby certify that this joint resolution originated in 2 27 the Senate and is known as Senate Joint Resolution 2002, 2 28 Eighty=second General Assembly.