HF3411 Summary

• Property Tax Thresholds: Increases the threshold for filing a certificate of value on real estate sales from $1,000 to $3,000, and increases the deed tax threshold from $500 to $3,000, effective after December 31, 2018.

• Partnership Federal Adjustments: Establishes comprehensive reporting and payment procedures for partnerships receiving federal adjustments from IRS audits, including 180-day reporting deadlines and allowing partnerships to elect entity-level payment options.

• Sales Tax Permits: Modifies permit issuance rules to deny permits to applicants with delinquent sales tax, with exceptions for those in appeal periods, and expands cancellation grounds to include failure to report tax liability for two years.

• Lodging Tax: Clarifies that local lodging taxes apply to the entire consideration for lodging including ancillary services provided by accommodations intermediaries, and allows annual filing for such intermediaries if permitted by local ordinance.

• Assessment Periods: Creates new statutes (289A.381-289A.385) replacing repealed sections to establish clearer timelines for assessing taxes following federal adjustments, with limitations ranging from one to six years depending on reporting circumstances.