General Assembly: 82 (2008 Regular GA) - Chapter 1194 - Proposed constitutional amendment — natural resources and outdoor recreation trust fund


Published: 2008

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1046LAWS OF THE EIGHTY-SECOND G.A., 2008 SESSIONCH. 1194

CH. 1194CH. 1194

CHAPTER 1194 PROPOSED CONSTITUTIONAL AMENDMENT —

NATURAL RESOURCES AND OUTDOOR RECREATION TRUST FUND

S.J.R. 2002

First Time Passed

A JOINT RESOLUTION proposing an amendment to the Constitution of the State of Iowa to dedicate a portion of state revenue from the tax imposed on certain retail sales of tangible personal property and services for the benefit of the state’s natural resources.

Be It Resolved by the General Assembly of the State of Iowa:

Section 1. The following amendment to the Constitution of the State of Iowa is proposed: Article VII of the Constitution of the State of Iowa is amended by adding the following new

section: NATURAL RESOURCES. SEC. 10. A natural resources and outdoor recreation trust fund

is created within the treasury for the purposes of protecting and enhancing water quality and natural areas in this State including parks, trails, and fish andwildlife habitat, and conserving agricultural soils in this State. Moneys in the fund shall be exclusively appropriated by law for these purposes. The general assembly shall provide by law for the implementation of this section, including

by providing for the administration of the fund and at least annual audits of the fund. Except as otherwise provided in this section, the fund shall be annually credited with an

amount equal to the amount generated by a sales tax rate of three-eighths of one percent as may be imposed upon the retail sales price of tangible personal property and the furnishing of enumerated services sold in this State. No revenue shall be credited to the fund until the tax rate for the sales tax imposed upon the

retail sales price of tangible personal property and the furnishing of enumerated services sold in this State in effect on the effective date of this section is increased. After such an increased tax rate becomes effective, an amount equal to the amount generated by the increase in the tax rate shall be annually credited to the fund, not to exceed an amount equal to the amount generated by a tax rate of three-eighths of one percent imposed upon the retail sales price of tangible personal property and the furnishing of enumerated services sold in this State.

Sec. 2. REFERRALANDPUBLICATION. The foregoing proposed amendment to theCon- stitutionof theState of Iowa is referred to theGeneralAssembly to be chosen at thenext gener- al election formembers of theGeneral Assembly and theSecretary of State is directed to cause it to be published for three consecutive months before the date of the election as provided by law.