Bills › 90th General Assembly
SSB 1007
Topics:Taxes
Where it is now
- Done: IntroducedJanuary 10, 2023
- Done: SubcommitteeJanuary 10, 2023
- Done: Senate committeeJanuary 26, 2023
- Skipped: Passes the SenateContinued as SF 150
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Became SF 150 → Its progress continues under the new number. Go to SF 150 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 to them. This change also means they do not need 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.
Senate subcommittee
Named January 10, 2023. On January 17, 2023 it recommended amendment and passage. [].
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
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90th General Assembly