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89th General Assembly · Iowa Funnel one-pager · Monday, November 9, 2026

SF 612: Relating to real estate transfer tax moneys transferred to the housing trust fund

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 it does

Under current law, percent of the real estate transfer tax receipts paid by county recorders to the treasurer of state are transferred to the housing trust fund in any one fiscal year, subject to a $3 million cap; moneys in excess of the cap are deposited in the general fund of the state. This bill increases the cap to $5.5 million.

Sponsors

Appropriations committee

Cost

Less revenue: up to $5.5M

Increasing the Housing Trust Fund’s annual $3.0 million real estate tax revenue limit to $5.5 million is estimated to increase Housing Trust Fund revenue and reduce net General Fund revenue by $2.5 million annually beginning in FY 2022.Fund FY 2017 FY 2018 FY …

Senate subcommittee · named April 21, 2021

  • Sen. Mark S. Lofgren (R) · mark.lofgren@legis.iowa.gov
  • Sen. Carrie Koelker (R) · carrie.koelker@legis.iowa.gov
  • Sen. Jackie Smith (D)

Lobbying · 16 for, 0 against

For: Habitat for Humanity of Iowa; Iowa Association of Area Agencies on Aging; Iowa Association of Councils of Governments; Iowa Association of County Conservation Boards; Iowa Association of Realtors; Iowa Association of Rural Health Clinics; Iowa Business Council; Iowa Catholic Conference; Iowa Coalition Against Sexual Assault; Iowa Credit Union League; Iowa Housing Partnership; Iowa Housing Trust Funds Advocates Network; and 4 more

In plain words

  1. April 20, 2021Filed in the Senate and sent to the Appropriations committee · as SSB 1270
  2. April 21, 2021Senate subcommittee named: Lofgren, Koelker, Smith and J · as SSB 1270
  3. April 26, 2021Subcommittee recommended passing it · as SSB 1270
  4. April 27, 2021Approved by the Senate committee, and given a new number: SF 612 · as SSB 1270
  5. April 28, 2021Filed in the Senate
  6. April 28, 2021Approved by the Senate committee
  7. April 28, 2021Cost estimate (fiscal note) posted
  8. June 22, 2021Sent to the Senate Appropriations committee

From public records at legis.iowa.gov, compiled by Iowa Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/89/SF612