HSB 4

Topics:Taxes

Same legislation: SSB 1007, HF 111, SF 150

Write your legislators about itWhat changed before it passed

Official bill page Lobbyist declarations One-pager to print

Where it is now

Done: IntroducedJanuary 11, 2023
Done: SubcommitteeJanuary 11, 2023
Done: House committeeJanuary 24, 2023
Done: Passes the HouseFebruary 2, 202398–0
Done: Senate committeeMarch 16, 2023
Done: Passes the SenateApril 25, 202349–0
Done: To the GovernorMay 9, 2023
Done: Signed into lawJune 1, 2023

HF 111 became law → The same legislation passed as HF 111, so this version was set aside. Go to HF 111 What’s a funnel?

What’s in it

AI summary People who receive assets from a trust will no longer have to pay a real estate transfer tax when the property is moved into their name. This change also means they do not have to submit a specific value declaration form to the county recorder for these transfers.¹

Read the official explanation

This bill creates an exception to the real estate transfer tax for deeds that transfer distributions of assets to beneficiaries of a trust. By operation of law, a declaration of value is not required to be submitted to the county recorder for such transfers under Code sections 428A.1(2) and 428A.4(2).

Changed since by amendment S-3086; see Amendments.

Full bill text · What changed before it passed²

House subcommittee

Named January 11, 2023. On January 18, 2023 it recommended amendment and passage. Vote Total: 3-0.

Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part

1 written public comment to its subcommittee: January 17, 2023 (1) · on the Legislature’s site

Iowa Code it changes

Amends§428A.2

How the Code works³

Lobbying

4 for · 0 against · 11 undecided · Who →

Family tree

Study bill

SSB 1007Renumbered HSB 4Cleared committee

90th General Assembly

HF 111Became lawHouse companion SF 150Cleared committeefrom SSB 1007