SF 2191: 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 February 10, 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. January 14, 2026Filed in the Senate and sent to the Judiciary committee · as SSB 3019
2. January 14, 2026Senate subcommittee named: Bousselot, Blake and Rowley · as SSB 3019
3. January 22, 2026Subcommittee recommended passing it · as SSB 3019
4. February 3, 2026Approved by the Senate committee, and given a new number: SF 2191 · as SSB 3019
5. February 4, 2026Filed in the Senate
6. February 4, 2026Approved by the Senate committee
7. February 9, 2026Sent to the Senate Ways and Means committee
8. February 10, 2026Senate subcommittee named: Bousselot, Petersen and Reichman
9. March 4, 2026Subcommittee recommended passing it