HSB 569: 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. _____ 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.

House subcommittee · named January 15, 2026

• Rep. Bill Gustoff (R) · bill.gustoff@legis.iowa.gov
• Rep. Blaine C. Watkins (R) · blaine.watkins@legis.iowa.gov
• Rep. Aime Wichtendahl (D) · aime.wichtendahl@legis.iowa.gov

Lobbying · 3 for, 0 against

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

In plain words

1. January 15, 2026Filed in the House and sent to the Judiciary committee
2. January 15, 2026House subcommittee named: Gustoff, Watkins and Wichtendahl
3. January 21, 2026Subcommittee recommended passing it
4. January 26, 2026Approved by the House committee
5. January 26, 2026Committee vote: 19–0
6. January 28, 2026Approved by the House committee, and given a new number: HF 2188