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IA HSB569

SB

Official Source

Status

Introduced

1/15/2026

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 instruments 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 when transferring property during incorporation, dissolution, or organization with no consideration other than shares or debt securities
  • Exempts deeds transferring trust asset distributions to beneficiaries when conveyed without consideration
  • Maintains existing exemptions for instruments described in Code section 428A.2 subsections 2-5, 7-13, and 16-22

Legislative Description

A bill for an act relating to real estate transfer tax, including declarations of value.(See HF 2188.)

Last Action

Committee report approving bill, renumbered as HF 2188.

1/28/2026

Committee Referrals

Judiciary1/15/2026

Full Bill Text

No bill text available