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88th General Assembly · Funnel one-pager · Monday, November 9, 2026

HF 778: Relating to taking a capital gain deduction for the sale of real property used in a farming business. Effective 7-1-19

Signed into law

Sponsors

Not listed

Cost

Less revenue: up to $227,000

8 million per fiscal year. In addition, revenue raised by the local option income surtax for schools will be reduced by $227,000 per year. Both revenue reductions will begin FY 2024. Source Department of Revenue /s/ Holly M. Lyons June 3, 2019 The fiscal note …

In plain words

  1. April 18, 2019Filed in the House
  2. April 23, 2019Cost estimate (fiscal note) posted
  3. April 24, 2019Passed the House, 68–32
  4. April 25, 2019Took the place of SF 627 on the Senate floor (the same legislation)
  5. April 25, 2019Passed the Senate, 49–0
  6. April 29, 2019Sent to the Governor
  7. May 21, 2019Signed into law

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/88/HF778