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IOWA SUPREME COURT STRIKES DOWN ITEM VETO - AND IOWA VALUES FUND
June 16, 2004
The Iowa Supreme Court today struck down Governor Vilsack's controversial 2003 item veto of tax cuts in the Iowa Values Fund legislation.
The decision doesn't reinstate the tax cuts. To the apparent surprise of everyone involved, the Court said that no part of the package was lawfully enacted. This apparently strikes down the Iowa Values Fund. The state now finds itself in an awkward situation, having already spent millions of Iowa Values Fund dollars.
What happens next? Who knows? It should be fun to watch.
Links:
The Iowa Supreme Court Decision
UPDATE: Here is a discussion of the decision by a real lawyer (thanks to State29 for the tip).
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