HF 2749: Relating to real estate transfer tax, including declarations of value

What it does

This bill relates to real estate transfer tax, including declarations of value.2. When a deed, instrument, or writing conveys real property, a declaration of value must be submitted to the county recorder. Under current law, a declaration of value is not required for certain instruments that are not subject to a real estate transfer tax. The bill expands the categories of instruments exempt from the declaration of value requirement to include the following: (1) instruments of transfer made or delivered as a result of a corporate or limited liability company merger, consolidation, or reorganization; (2) deeds between a family corporation, partnership, limited liability partnership, or limited liability company and its stockholders, partners, or members for the purpose of transferring real property in an incorporation or corporate dissolution or the organization or dissolution of a partnership, limited partnership, limited liability partnership, or limited liability company, when the deeds are given for no actual consideration other than shares or debt securities of the entity; and (3) deeds transferring distributions of trust assets to beneficiaries when conveyed without consideration.

Senate subcommittee · named April 13, 2026

• Sen. Mike Bousselot (R) · mike.bousselot@legis.iowa.gov
• Sen. Janet Petersen (D) · janet.petersen@legis.iowa.gov
• Sen. Jeff Reichman (R) · jeff.reichman@legis.iowa.gov

Lobbying · 3 for, 0 against

For: Department of Revenue; Iowa State Bar Association; VALOR Iowa

In plain words

1. March 30, 2026Filed in the House
2. April 6, 2026Passed the House, 91–0
3. April 7, 2026Arrived in the Senate
4. April 13, 2026Senate subcommittee named: Bousselot, Petersen and Reichman
5. April 15, 2026Approved by the Senate committee
6. April 22, 2026Passed the Senate, 44–0
7. May 6, 2026Sent to the Governor
8. May 15, 2026Signed into law