Authorizing future tax contingencies, reducing the state inheritance tax rates and providing for the future repeal of the state inheritance tax and state qualified use inheritance tax, and including effective date and retroactive applicability provisions

Where it is now

1. ✓
   Done: IntroducedMarch 10, 2021
2. –
   Skipped: SubcommitteeSkipped
3. ✓
   Done: Senate committeeMarch 10, 2021
4. ✓
   Done: Passes the SenateMarch 17, 202146–0
5. ✕
   Stopped: House committeeDied when the General Assembly ended
6. Next: Passes the House
7. Next: To the Governor
8. Next: Signed into law

Died when the session ended The General Assembly adjourned on May 24, 2022. Bills that didn’t pass both chambers died. What’s a funnel?

Fiscal note

The repeal of the contingent income tax system triggers and the phaseout of the Iowa inheritance tax are projected to reduce General Fund revenue by the annual amounts listed below. The revenue reduction will continue past FY 2027 at a similar level to FY 2027. 8 million over the five fiscal years.

• Trigger Repeal and Inheritance Tax · April 5, 2021
• Trigger Repeal and Inheritance Tax · March 12, 2021

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