Bills › 88th General Assembly
Relating to specific circumstances requiring the submission of a groundwater hazard statement with the declaration of value submitted to a county recorder in order to grant, assign, transfer, or convey real property
Sponsored by the Senate State Government Committee
Topics:Taxes
Where it is now
- Done: IntroducedMarch 6, 2019
- Done: SubcommitteeMarch 20, 2019
- Done: Senate committeeMarch 6, 2019
- Skipped: Passes the SenateContinued as SF 626
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Became SF 626 → Its progress continues under the new number. Go to SF 626 What’s a funnel?
What’s in it
The inclusion of this explanation does not constitute agreement with the explanation’s substance by the members of the general assembly. This bill relates to the specific circumstances requiring submission of a groundwater hazard statement with a declaration of value submitted to a county recorder in order to grant, assign, transfer, or convey real property. Current law requires that a groundwater hazard statement be submitted with each declaration of value submitted to the county recorder under Code chapter 428A (real estate transfer tax).
Read the full explanation
The bill requires that a groundwater hazard statement be prepared for each declaration of value submitted to the county recorder under Code chapter 428A. However, the groundwater hazard statement only needs to be submitted to the county recorder if a known private burial site, a known well, a known disposal site for solid waste, a known underground storage tank, known hazardous waste, or a known private sewage disposal system is disclosed on the groundwater hazard statement. The bill requires that the buyer of a property be provided with a copy of the prepared groundwater hazard statement and provides that the owner of the property is responsible for the accuracy of the information disclosed on the statement. If the groundwater hazard statement is submitted to the county recorder, the county recorder must transmit a copy to the department of natural resources as directed by the director of the department.
Senate subcommittee
Named March 20, 2019. It hasn’t reported yet.
- Sen. Randy Feenstra R
- Sen. Pam Jochum D
- 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
Cost: up to $839,000 Compare with other bills
Under the proposed changes in SF 626, counties would collect an estimated $562,000 to $674,000 annually. Compared to the system currently scheduled to take effect on July 1, 2019, this would be a reduction of approximately $727,000 to $839,000 per year. Source Iowa State Association of Counties /s/ Holly M. Lyons April 18, 2019 The fiscal note for this Bill was prepared pursuant to Joint Rule 17 and the Iowa Code.
- Groundwater Hazard Statement, Repeal · April 18, 2019
- Groundwater Hazard Statement, Repeal · March 22, 2019
- Groundwater Hazard Statement, Repeal · March 20, 2019