Bills › 89th General Assembly
Relating to exemptions to the state inheritance tax of estates, and including applicability provisions
Topics:Taxes
Where it is now
- Done: IntroducedApril 21, 2021
- Stopped: SubcommitteeDied when the General Assembly ended
- Next: House committee
- Next: Passes the House
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2022 session adjourned on May 24, 2022, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary Iowa would allow more family members to receive inheritances without paying a state tax. Currently, only direct ancestors and descendants are exempt from this tax. This change expands that list of people who can receive money or property tax-free.1
Read the official explanation
This bill expands the state inheritance tax exemption by including estates passing to certain family members. The bill defines “family members”. Currently, estates passing to lineal ascendants and lineal descendants are exempt from the state inheritance tax. The bill applies to estates of decedents dying on or after July 1, 2021.