A joint resolution proposing an amendment to the Constitution of the State of Iowa relating to requirements for certain state tax law changes.(Formerly SSB 1221.)
Impact
If enacted, SJR11 would fundamentally reshape the legislative process concerning taxation in Iowa by introducing stricter requirements for tax law changes. The two-thirds majority requirement could lead to fewer tax increases, as reaching such a threshold may be difficult, especially in a politically divided legislature. This change is intended to provide greater safeguards for taxpayers against potential tax hikes, thus aligning with conservative fiscal policies that favor limited taxation and government spending.
Summary
Senate Joint Resolution 11 (SJR11) proposes an amendment to the Constitution of the State of Iowa aimed at instituting restrictions on changes to state tax laws. Specifically, the amendment stipulates that any bill intended to increase either the individual or corporate income tax rates must be passed by at least a two-thirds majority in both houses of the General Assembly. Additionally, the same voting threshold applies to any new taxes imposed on income or special reserves. This proposed requirement is designed to create a more robust consensus for tax increases, potentially making it more challenging for the government to alter tax rates in the future.
Contention
The proposal has generated significant debate among lawmakers, with proponents arguing that it protects citizens from hasty and potentially harmful tax increases. Critics, however, contend that the amendment could hinder the state’s ability to respond effectively to economic challenges and funding needs. The ability to establish a new tax or raise existing ones under such stringent conditions may lead to underfunded public services and a reliance on less stable revenue sources, which could ultimately impact the state’s financial stability and ability to meet its obligations.
Related
A joint resolution proposing an amendment to the Constitution of the State of Iowa relating to requirements for certain state tax law changes.(See SJR 11.)
A joint resolution proposing an amendment to the Constitution of the State of Iowa relating to requirements for certain state tax law changes. (Formerly HSB 721.)
A joint resolution proposing amendments to the Constitution of the State of Iowa relating to requirements for certain state tax law changes and requiring a single rate for individual income taxes.(Formerly SSB 3142.)
A joint resolution proposing amendments to the Constitution of the State of Iowa relating to requirements for certain state tax law changes and creating a taxpayer relief fund.(Formerly SSB 1207.)
A joint resolution proposing amendments to the Constitution of the State of Iowa relating to requirements for certain state tax law changes and creating a taxpayer relief fund.
A joint resolution proposing amendments to the Constitution of the State of Iowa relating to requirements for certain state tax law changes and requiring a single rate for individual income taxes.(See HJR 2006.)
A joint resolution proposing amendments to the Constitution of the State of Iowa relating to requirements for certain state tax law changes and requiring a single rate for individual income taxes.(See SJR 2003.)
A joint resolution proposing amendments to the Constitution of the State of Iowa relating to requirements for certain state tax law changes and creating a taxpayer relief fund.(See SJR 14.)
A joint resolution proposing an amendment to the Constitution of the State of Iowa by requiring a single rate for individual income taxes. (Formerly SSB 3189.)
A joint resolution proposing an amendment to the Constitution of the State of Iowa by requiring a single rate for individual income taxes.(See SJR 2004.)
A joint resolution proposing an amendment to the Constitution of the State of Iowa relating to the gubernatorial line of succession. (Formerly HSB 37.)