Relating to the repeal of the state inheritance tax and the state qualified use inheritance tax

Where it is now

1. ✓
   Done: IntroducedJanuary 14, 2019
2. ✓
   Done: SubcommitteeJanuary 15, 2019
3. ✓
   Done: Senate committeeFebruary 19, 2019
4. ✕
   Stopped: Passes the SenateDied when the General Assembly ended
5. Next: House committee
6. Next: Passes the House
7. Next: To the Governor
8. Next: Signed into law

Died when the session ended The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?

What’s in it

This bill repeals the state inheritance tax and the state qualified use inheritance tax effective July 1, 2019, for property of estates of decedents dying on or after July 1, 2019. Inheritance tax will not be imposed on any property in the event of the death of an individual on or after July 1, 2019. The bill repeals Code chapters 450 (inheritance tax) and 450B (qualified use inheritance tax) effective July 1, 2029, and directs the Code editor to correct references in the Code and the Iowa Acts to those Code chapters and to the inheritance tax and qualified use inheritance tax, effective July 1, 2029.

Full bill text¹

Senate subcommittee

Named January 16, 2020. On February 12, 2020 it recommended amendment and passage.

• Sen. Jake Chapman R
• Sen. Herman C. Quirmbach DEmail
• Sen. R. Smith

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

Fiscal note

9 million in FY 2021. 5% per year after FY 2021. Source Iowa Department of Revenue /s/ Holly M. Lyons February 21, 2019 The fiscal note for this Bill was prepared pursuant to Joint Rule 17 and the Iowa Code. Data used in developing this fiscal note is available from the Fiscal Services Division of the Legislative Services Agency upon request.

• Inheritance Tax · February 21, 2019
• Inheritance Tax · February 20, 2019
• Inheritance Tax · January 29, 2019
• Inheritance Tax Elimination · January 28, 2019

Reading a fiscal note²

Family tree

Earlier and later bills are matched by wording or an identical title.

Similar bills

• HF 48 Relating to the repeal of the state inheritance tax and the state qualified use inheritanc…
  89th General Assembly · In committee
  Nearly identical

Matched by wording or an identical title.