Bill > HF2749

This bill, effective July 1, 2026, amends Iowa Code section 428A.1, subsection 2, which pertains to the real estate transfer tax and declarations of value. A declaration of value is a form that must be submitted to the county recorder when a deed or other document transferring real property is recorded, and it is used to calculate the real estate transfer tax. The bill modifies the list of exemptions from this declaration of value requirement. Specifically, it removes exemptions for instruments described in subsections 13, 16, 17, 18, 19, 20, and 21 of section 428A.2, and adds an exemption for subsection 22 of section 428A.2, while retaining the existing exemptions for subsections 2 through 7 and 10 through 12, with specific exceptions for federal agencies or instrumentalities and transfers for public purposes through eminent domain.