Bills › 91st General Assembly
Removing the maximum annual amount of real estate transfer tax receipts that may be transferred into the housing trust fund
Sponsored by Rep. Barb Kniff McCulla (R)
Topics:Housing & propertyTaxes
Same legislation: SF 436
Where it is now
- Done: IntroducedJanuary 30, 2025
- Done: SubcommitteeFebruary 26, 2025
- Stopped: House committeeDied when the General Assembly ended
- Next: Passes the House
- Next: Senate committeeFunnel: by March 20, 2026
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2026 session adjourned on May 3, 2026, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary Iowa currently limits the amount of money from real estate transfer taxes that can go into the housing trust fund to $7 million each year. This bill removes that limit so more money can be used to build and protect affordable housing for people with low incomes. It also removes old language from the law that is no longer needed.1
Read the official explanation
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 in excess of $7 million are deposited into the state general fund. This bill removes the $7 million annual maximum that may be deposited into the HTF.8(2).
House subcommittee
Named February 26, 2025. On March 12, 2025 it recommended 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
Family tree
91st General Assembly
Earlier and later bills are matched by wording or an identical title.
Tried before
This idea has been filed in an earlier General Assembly. None became law, though one got through a chamber.
- HF 2634 Removing the maximum annual amount of real estate transfer tax receipts that may be transf…90th General Assembly · Passed House · same titlePassed a chamber
- HF 2188 Removing the maximum annual amount of real estate transfer tax receipts that may be transf…90th General Assembly · Renumbered as HF 2634 · nearly identicalCleared committee
Matched by wording or an identical title.