Reducing the state inheritance tax rates and providing for the future repeal of the state inheritance tax and state qualified use inheritance tax

Where it is now

1. ✓
   Done: IntroducedJanuary 15, 2019
2. ✓
   Done: SubcommitteeJanuary 17, 2019
3. ✕
   Stopped: Senate committeeDied when the General Assembly ended
4. Next: Passes the Senate
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?

Senate subcommittee

Named February 5, 2020. It hasn’t reported yet.

• Sen. Jake Chapman R
• Sen. Joe Bolkcom D
• Sen. Jeff Edler R

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

The projected annual reduction in net General Fund revenue associated with a phase-down and repeal of the Iowa inheritance tax and the qualified use inheritance tax is provided in the Projected Fiscal Year Revenue Reduction columns of the following table. The revenue reduction will continue beyond FY 2031.

• Inheritance Tax Phase-Out · February 1, 2019

Nonpartisan cost estimates from the Legislative Services Agency’s Fiscal Services Division. The newest is first. Reading a fiscal note