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IA HF2188

Bill

Official Source

Status

Introduced

1/28/2026

Primary Sponsor

Judiciary

Click for details

Origin

House of Representatives

91st General Assembly

AI Summary

  • Amends Iowa Code section 428A.1, subsection 2, regarding declaration of value requirements for real estate transfers recorded with county recorders
  • Expands exemptions from the declaration of value requirement to include transfers resulting from corporate or limited liability company mergers, consolidations, or reorganizations
  • Exempts deeds between family corporations, partnerships, limited liability partnerships, or limited liability companies and their stockholders, partners, or members for incorporation, dissolution, or organization purposes when given for no actual consideration other than shares or debt securities
  • Exempts deeds transferring trust asset distributions to beneficiaries when conveyed without consideration
  • Requires separate declarations of value when a deed contains multiple parcels located in more than one county, with each declaration submitted to the respective county recorder

Legislative Description

A bill for an act relating to real estate transfer tax, including declarations of value.(Formerly HSB 569.)

Last Action

Subcommittee recommends passage.

3/3/2026

Committee Referrals

Ways and Means1/28/2026

Full Bill Text

No bill text available