(1) An eligible voter wishing to circulate an initiative petition shall file an application with the local clerk.

(2) The application shall contain: (a) the name and residence address of at least five sponsors of the initiative petition; (b) a statement indicating that each of the sponsors is a registered voter; (c) a statement indicating that each of the sponsors has voted in an election in Utah in the last three years; (d) the signature of each of the sponsors, acknowledged by a notary public; (e) a copy of the proposed law that includes: (i) the title of the proposed law, which clearly expresses the subject of the law; and (ii) the text of the proposed law; and (f) if the initiative petition proposes a tax increase, the following statement, "This initiative petition seeks to increase the current (insert name of tax) rate by (insert the tax percentage difference) percent, resulting in a(n) (insert the tax percentage increase) percent increase in the current tax rate."

(a) the name and residence address of at least five sponsors of the initiative petition;

(b) a statement indicating that each of the sponsors is a registered voter;

(c) a statement indicating that each of the sponsors has voted in an election in Utah in the last three years;

(d) the signature of each of the sponsors, acknowledged by a notary public;

(e) a copy of the proposed law that includes: (i) the title of the proposed law, which clearly expresses the subject of the law; and (ii) the text of the proposed law; and

(i) the title of the proposed law, which clearly expresses the subject of the law; and

(ii) the text of the proposed law; and

(f) if the initiative petition proposes a tax increase, the following statement, "This initiative petition seeks to increase the current (insert name of tax) rate by (insert the tax percentage difference) percent, resulting in a(n) (insert the tax percentage increase) percent increase in the current tax rate."

(3) A proposed law submitted under this section may not contain more than one subject to the same extent a bill may not pass containing more than one subject as provided in Utah Constitution, Article VI, Section 22.