Iowa SSB1221 proposes a constitutional amendment requiring a two-thirds majority vote for tax law changes.

Iowa SSB1221 proposes an amendment to the state constitution to impose stricter requirements for certain tax law changes. Specifically, the amendment mandates that any bill increasing the individual income tax rate, corporate income tax rate, or any other tax based on income or legal and special reserves must receive the affirmative votes of at least two-thirds of the members elected to each house of the general assembly. Additionally, any bill establishing a new tax on income or legal and special reserves must also meet this two-thirds majority requirement.

Iowa SSB1221 proposes a constitutional amendment requiring a two-thirds majority vote for tax law changes.

Iowa SSB1221 proposes an amendment to the state constitution to impose stricter requirements for certain tax law changes. Specifically, the amendment mandates that any bill increasing the individual income tax rate, corporate income tax rate, or any other tax based on income or legal and special reserves must receive the affirmative votes of at least two-thirds of the members elected to each house of the general assembly. Additionally, any bill establishing a new tax on income or legal and special reserves must also meet this two-thirds majority requirement.