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

HF 2634: Removing the maximum annual amount of real estate transfer tax receipts that may be transferred into the housing trust fund

Died when the session ended · The General Assembly adjourned on April 19, 2024. Bills that didn’t pass both chambers died.

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.

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.

Senate subcommittee · named April 2, 2024

Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov
Sen. Carrie Koelker (R) · carrie.koelker@legis.iowa.gov
Sen. Herman C. Quirmbach (D) · herman.quirmbach@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

February 28, 2024Filed in the House
March 1, 2024Cost estimate (fiscal note) posted
March 26, 2024Passed the House, 95–0
March 26, 2024Arrived in the Senate
April 2, 2024Senate subcommittee named: Dawson, Koelker and Quirmbach