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IA HF2749
Bill
Status
Engrossed
4/6/2026
Primary Sponsor
Ways and Means
Click for details
AI Summary
- Amends Iowa Code section 428A.1 regarding declaration of value requirements for real estate transfers submitted to county recorders
- Expands exemptions from the declaration of value requirement to include transfers 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 incorporations, dissolutions, or organizational changes when given for no actual consideration other than shares or debt securities
- Exempts deeds transferring trust asset distributions to beneficiaries when conveyed without consideration
- Maintains existing exemptions for certain instruments already not subject to real estate transfer tax under Code section 428A.2
Legislative Description
A bill for an act relating to real estate transfer tax, including declarations of value. (Formerly HF 2188, HSB 569.) Effective date: 07/01/2026
Last Action
Message from Senate. H.J. 977.
4/22/2026
Committee Referrals
Ways and Means4/7/2026
Ways and Means3/30/2026
Full Bill Text
No bill text available