91st General Assembly · Funnel one-pager · Monday, November 9, 2026

SF 436: Removing the maximum annual amount of real estate transfer tax receipts that may be transferred into the housing trust fund

Died when the session ended · The General Assembly adjourned on October 2, 2026. Bills that didn’t pass both chambers died.

What it does

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.

Cost

No fiscal note

Senate subcommittee · named March 3, 2025

Sen. David D. Rowley (R) · david.rowley@legis.iowa.gov
Sen. Tony Bisignano (D) · tony.bisignano@legis.iowa.gov
Sen. Dan Dawson (R) · dan.dawson@legis.iowa.gov

Lobbying · 15 for, 0 against

For: AARP Iowa; Greater Des Moines Habitat for Humanity; Greater Des Moines Partnership; Habitat for Humanity of Iowa; Home Builders Association of Iowa; Iowa Association of Councils of Governments; Iowa Association of Realtors; Iowa Bankers Association; Iowa Business Council; Iowa Credit Union League; Iowa Housing Partnership; Iowa Housing Trust Funds Advocates Network; and 3 more

In plain words

February 25, 2025Filed in the Senate and sent to the Ways and Means committee
March 3, 2025Senate subcommittee named: Rowley, Bisignano and Dawson