Bill Text: IA HF111 | 2023-2024 | 90th General Assembly | Enrolled
Bill Title: A 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 HSB 4.) Effective date: 07/01/2023.
Spectrum: Committee Bill
Status: (Passed) 2023-06-01 - Signed by Governor. H.J. 1038. [HF111 Detail]
Download: Iowa-2023-HF111-Enrolled.html
House
File
111
-
Enrolled
House
File
111
AN
ACT
RELATING
TO
AN
EXCEPTION
TO
THE
REAL
ESTATE
TRANSFER
TAX
FOR
DEEDS
THAT
TRANSFER
DISTRIBUTIONS
OF
ASSETS
TO
BENEFICIARIES
OF
A
TRUST.
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
Section
1.
Section
428A.2,
Code
2023,
is
amended
by
adding
the
following
new
subsection:
House
File
111,
p.
2
NEW
SUBSECTION
.
22.
Deeds
transferring
distributions
of
assets
to
beneficiaries
of
a
trust
when
conveyed
without
consideration.
______________________________
PAT
GRASSLEY
Speaker
of
the
House
______________________________
AMY
SINCLAIR
President
of
the
Senate
I
hereby
certify
that
this
bill
originated
in
the
House
and
is
known
as
House
File
111,
Ninetieth
General
Assembly.
______________________________
MEGHAN
NELSON
Chief
Clerk
of
the
House
Approved
_______________,
2023
______________________________
KIM
REYNOLDS
Governor
