Bill
Bill > SF150
IA SF150
IA SF150A bill for an act relating to an exception to the real estate transfer tax for deeds that transfer distributions of assets to beneficiaries of a trust.(Formerly SSB 1007.)
summary
Introduced
01/26/2023
01/26/2023
In Committee
01/30/2023
01/30/2023
Crossed Over
Passed
Dead
04/16/2024
04/16/2024
Introduced Session
90th General Assembly
Bill Summary
This bill creates an exception to the real estate transfer tax for deeds that transfer distributions of assets to beneficiaries of a trust when conveyed without consideration. By operation of law, a declaration of value is not required to be submitted to the county recorder for such transfers under Code sections 428A.1(2) and 428A.4(2).
AI Summary
This bill creates an exception to the real estate transfer tax for deeds that transfer distributions of assets to beneficiaries of a trust when conveyed without consideration. This means that a declaration of value is not required to be submitted to the county recorder for such transfers under the relevant Code sections.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Judiciary (Senate)
Last Action
Senate (13:30:00 3/14/2023 ) (on 03/14/2023)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.legis.iowa.gov/legislation/BillBook?ga=90&ba=SF150 |
| BillText | https://www.legis.iowa.gov/docs/publications/LGI/90/attachments/SF150.html |
Loading...