Here's how "revenue neutral" is supposed to work according to the Iowa Natural Heritage Foundation blog posting about the tax:
Reduces individual income taxes for all Iowans by zeroing out the lowest tax brackets proportionally to the increase in sales tax.
Converts the sales tax on pressurized water into a water excise tax and creates a drinking water treatment financial assistance program for installing or upgrading drinking water infrastructure and source water protection projects. This program functions independently of the Trust Fund and is managed by the Iowa Finance Authority."
Hope this helps, more information can be found here: http://www.inhf.org/blog/press-center/wise-bill/
Ruby Bodeker, Benton County
> On Mar 16, 2017, at 6:11 PM, Paul Roisen <roisenp1950...> wrote:
> Rick, Ty, Joe and anyone else how wishes to chime in:
> So, how does revenue neutral affect a 3/8 cent tax that goes completely for the Trust fund? Nothing should be robbed from other programs as the 3/8 cent is what the Trust will get nothing more nothing less. Now I could be completely misunderstanding funding. Iowa citizens have spoken and they clearly wish this to happen even with the 3/8 cent sales tax raise. Additionally, the legislature could include some additional 1/8 or 5/8 cent and make money for other things as well.
> Not related to income tax and will not penalize schools or any other program.
> Anyway, would appreciate if someone wouldh be able help clarify this for me--especially if I have it wrong.
> God Bless,
> Paul O. Roisen
> Woodbury County, IA
> Mobile 712-301-2817
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