Senate Study Bill 1221 - Introduced SENATE JOINT RESOLUTION _____ BY (PROPOSED COMMITTEE ON WAYS AND MEANS RESOLUTION BY CHAIRPERSON DAWSON) SENA TE JOINT RESOLUTION A Joint Resolution proposing an amendment to the Constitution 1 of the State of Iowa relating to requirements for certain 2 state tax law changes. 3 BE IT RESOLVED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 2979XC (2) 91 jm/jh
S.J.R. _____ Section 1. The following amendment to the Constitution of 1 the State of Iowa is proposed: 2 The Constitution of the State of Iowa is amended by adding 3 the following new section to new Article XIII : 4 ARTICLE XIII. 5 TAXATION LIMITATIONS. 6 Section 1. Two-thirds majority vote for state tax law 7 changes. Passage of a bill that increases the individual income 8 tax rate or the corporate income tax rate, or the rate of 9 any other type of tax based upon income or legal and special 10 reserves, shall require the affirmative votes of at least 11 two-thirds of the members elected to each house of the general 12 assembly. This requirement does not apply to taxes imposed at 13 the option of a local government. 14 Passage of a bill that establishes a new tax on any type of 15 income or legal and special reserves imposed by the state shall 16 require the affirmative votes of at least two-thirds of the 17 members elected to each house of the general assembly. 18 A lawsuit challenging the proper enactment of a bill under 19 this section must be filed no later than one year following the 20 enactment. If such a lawsuit is not filed within the one-year 21 limit, the bill shall be considered properly enacted under this 22 section. 23 Each bill to which this section applies must include a 24 separate provision describing the requirements for enactment 25 prescribed by this section. 26 The general assembly shall enact laws to implement this 27 section. 28 Sec. 2. SUBMISSION TO ELECTORATE. The foregoing proposed 29 amendment, having been adopted and agreed to by the 90th 30 General Assembly, 2024 Session, thereafter duly published, and 31 now adopted and agreed to by the 91st General Assembly in this 32 joint resolution, shall be submitted to the people of the state 33 of Iowa at the general election in November of the year 2026 in 34 the manner required by the Constitution of the State of Iowa 35 -1- LSB 2979XC (2) 91 jm/jh 1/ 2
S.J.R. _____ and the laws of the state of Iowa. 1 EXPLANATION 2 The inclusion of this explanation does not constitute agreement with 3 the explanations substance by the members of the general assembly. 4 This joint resolution proposes an amendment to the 5 Constitution of the State of Iowa, for adoption by the second 6 consecutive general assembly, relating to restrictions on 7 certain tax law changes. 8 The amendment requires a bill that increases the individual 9 income tax rate or corporate income tax rate, or the rate of 10 any other type of tax based upon income or legal and special 11 reserves, to be adopted by at least two-thirds of the members 12 elected to each house of the general assembly. In addition, 13 the amendment requires a bill that establishes a new tax on 14 any type of income or legal and special reserves imposed by 15 the state to be adopted by at least two-thirds of the members 16 elected to each house of the general assembly. A lawsuit 17 challenging enactment of a bill subject to the two-thirds 18 majority passage requirement must be filed no later than 19 one year following the enactment of the bill. Finally, the 20 amendment requires the general assembly to enact laws to 21 implement the amendment. 22 The resolution, if adopted, would be submitted to the 23 electorate for ratification at the general election in November 24 2026. 25 -2- LSB 2979XC (2) 91 jm/jh 2/ 2