Bill Text: IA HSB721 | 2023-2024 | 90th General Assembly | Introduced
Bill Title: 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.)
Spectrum: Committee Bill
Status: (Introduced) 2024-03-18 - Committee report approving bill, renumbered as HJR 2006. [HSB721 Detail]
Download: Iowa-2023-HSB721-Introduced.html
House
Study
Bill
721
-
Introduced
HOUSE
JOINT
RESOLUTION
_____
BY
(PROPOSED
COMMITTEE
ON
WAYS
AND
MEANS
RESOLUTION
BY
CHAIRPERSON
KAUFMANN)
HOUSE
JOINT
RESOLUTION
A
Joint
Resolution
proposing
amendments
to
the
Constitution
of
1
the
State
of
Iowa
relating
to
requirements
for
certain
state
2
tax
law
changes
and
requiring
a
single
rate
for
individual
3
income
taxes.
4
BE
IT
RESOLVED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
5
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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.
The
following
amendment
to
the
Constitution
of
the
29
State
of
Iowa
is
proposed:
30
The
Constitution
of
the
State
of
Iowa
is
amended
by
adding
31
the
following
new
section
to
new
Article
XIII:
32
ARTICLE
XIII.
33
TAXATION
LIMITATIONS.
34
Sec.
2.
Single
individual
income
tax
rate.
A
tax
on
income
35
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H.J.R.
_____
or
based
upon
income
for
individuals
shall
be
imposed
at
a
1
single
rate
if
imposed,
and
shall
not
be
imposed
at
a
graduated
2
rate
for
individuals.
There
shall
not
be
more
than
one
income
3
tax
rate
above
zero
imposed
by
the
state
for
state
purposes
on
4
an
individual
at
any
one
time.
5
Sec.
3.
REFERRAL
AND
PUBLICATION.
The
foregoing
proposed
6
amendments
to
the
Constitution
of
the
State
of
Iowa
are
7
referred
to
the
general
assembly
to
be
chosen
at
the
next
8
general
election
for
members
of
the
general
assembly,
and
shall
9
be
published
as
provided
by
law
for
three
months
previous
to
10
the
date
of
that
election.
11
EXPLANATION
12
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
13
the
explanation’s
substance
by
the
members
of
the
general
assembly.
14
This
joint
resolution
proposes
amendments
to
the
15
Constitution
of
the
State
of
Iowa
by
restricting
certain
state
16
tax
law
changes
and
requiring
a
single
rate
for
individual
17
income
taxes.
18
RESTRICTIONS
ON
CERTAIN
STATE
TAX
LAW
CHANGES.
The
19
amendment
requires
a
bill
that
increases
the
individual
income
20
tax
rate
or
corporate
income
tax
rate,
or
the
rate
of
any
other
21
type
of
tax
based
upon
income
or
legal
and
special
reserves,
22
to
be
adopted
by
at
least
two-thirds
of
the
members
elected
to
23
each
house
of
the
general
assembly.
In
addition,
the
amendment
24
requires
a
bill
that
establishes
a
new
tax
on
any
type
of
25
income
or
legal
and
special
reserves
imposed
by
the
state
to
26
be
adopted
by
at
least
two-thirds
of
the
members
elected
to
27
each
house
of
the
general
assembly.
A
lawsuit
challenging
28
enactment
of
a
bill
subject
to
the
two-thirds
majority
passage
29
requirement
must
be
filed
no
later
than
one
year
following
the
30
enactment
of
the
bill.
Finally,
the
amendment
requires
the
31
general
assembly
to
enact
laws
to
implement
the
amendment.
32
SINGLE
INDIVIDUAL
INCOME
TAX
RATE.
Under
the
amendment,
a
33
tax
on
income
or
based
upon
income
for
individuals
shall
be
34
imposed
at
a
single
rate
if
imposed,
and
a
graduated
rate
of
35
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H.J.R.
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taxation
on
such
income
is
prohibited.
The
amendment
prohibits
1
more
than
one
income
tax
rate
above
zero
imposed
by
the
state
2
for
state
purposes
on
an
individual
at
any
one
time.
3
REFERRAL.
The
resolution,
if
adopted,
would
be
published
4
and
then
referred
to
the
next
general
assembly
(91st)
for
5
adoption,
before
being
submitted
to
the
electorate
for
6
ratification.
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