HF262 Summary

• Modifies plat approval requirements by allowing local government officials (rather than full governing bodies) to approve plats that only delineate existing parcels or comply with minor subdivision procedures.

• Defines "satisfactory evidence of title" for plat approval to include abstracts, certificates of title, title opinions, title commitments, or title policies as determined by the local government body.

• Authorizes examiners of titles to issue written directives removing contract for deed memorials from certificates of title or possessory title after documents evidencing legal cancellation under section 559.21 have been on record for at least five years.

• Restructures estate tax apportionment rules to clarify that taxes occasioned by a decedent's death are apportioned among all persons interested in the estate, with specific provisions for property included under IRC section 2044 and generation-skipping transfer taxes.

• Effective date for estate tax apportionment changes is for decedents dying after December 31, 2015.