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90th General Assembly · Funnel one-pager · Monday, November 9, 2026

HF 2188: Removing the maximum annual amount of real estate transfer tax receipts that may be transferred into the housing trust fund

Became HF 2634 · Its progress continues under the new number.

What it does

The housing trust fund (HTF) was established for the development and preservation of affordable housing for low-income people in the state and for the Iowa mortgage help initiative.25 percent of the RETT receipts in the county general fund. Of the RETT receipts transferred to DOR, DOR transfers percent to the state general fund, percent to the HTF, and percent to the shelter assistance fund. Currently, DOR may deposit a maximum of $7 million of RETT receipts into the HTF per year. Any amounts over $7 million are deposited into the state general fund.

Sponsors

Economic Growth and Technology committee

Cost

See the fiscal note

0% of the Real Estate Transfer Tax receipts would be deposited into the Housing Trust Fund, regardless of the amount.

House subcommittee · named February 8, 2024

  • Rep. Barb Kniff McCulla (R) · barb.kniffmcculla@legis.iowa.gov
  • Rep. Anne Osmundson (R)
  • Rep. Elizabeth Wilson (D) · elizabeth.wilson@legis.iowa.gov

Lobbying · 19 for, 0 against

For: American Planning Association Iowa Chapter; City of Waukee; Greater Des Moines Habitat for Humanity; Greater Des Moines Partnership; Habitat for Humanity of Iowa; Home Builders Association of Iowa; Iowa Association of Councils of Governments; Iowa Association of Realtors; Iowa Business Council; Iowa Coalition Against Sexual Assault; Iowa Credit Union League; Iowa Housing Partnership; and 7 more

In plain words

  1. January 29, 2024Filed in the House
  2. January 30, 2024Sent to the House Ways and Means committee
  3. February 1, 2024Cost estimate (fiscal note) posted
  4. February 8, 2024House subcommittee named: Kniff McCulla, Osmundson and Wilson
  5. February 20, 2024Subcommittee recommended passing it
  6. February 28, 2024Approved by the House committee
  7. February 28, 2024Approved by the House committee, and given a new number: HF 2634
  8. March 26, 2024Withdrawn

From public records at legis.iowa.gov, compiled by Funnel (iowafunnel.com), an independent, nonpartisan site. Current as of Monday, November 9, 2026. https://iowafunnel.com/bills/90/HF2188