HF 2552: Relating to state and local finances and the duties and procedures of the department of revenue by providing for electronic filing, communications, and records, modifying transfer tax remittances, the assessment of property, the collection of debt, the refunds of certain fuel taxes, and the taxation of pass-through entities, reducing inheritance taxes for unknown heirs, establishing salaries, providing for a fee, making appropriations, and providing penalties, and including effective date, applicability, and retroactive applicability provisions

What it does

This bill relates to state and local finances and the duties and procedures of the department of revenue by providing for electronic filing, communications, and records, modifying transfer tax remittances, the assessment of property, the collection of debt, and the taxation of pass-through entities, reducing inheritance taxes for unknown heirs, and establishing salaries. DIVISION I —— RECORD RETENTION. Currently, the director of the department of revenue (DOR) may destroy useless records of any taxpayer filed with or kept by the department.

Lobbying · 2 for, 5 against

For: Department of Revenue; Iowans for Tax Relief

Against: City of Des Moines; City of West Des Moines; Grow Clinton County; Iowa League of Cities; Professional Developers of Iowa (PDI)

In plain words

1. March 9, 2022Filed in the House
2. March 9, 2022Cost estimate (fiscal note) posted
3. March 17, 2022Passed the House, 60–34
4. March 21, 2022Arrived in the Senate
5. March 22, 2022Took the place of SF 2371 on the Senate floor (the same legislation)
6. March 22, 2022Passed the Senate, 31–18
7. May 2, 2022Sent to the Governor
8. May 2, 2022Signed into law
9. June 23, 2022Cost estimate (fiscal note) posted