Iowa legislation · 91st General Assembly
Iowa HF171: A BILL FOR An Act removing the maximum annual amount of real estate transfer tax receipts that may be transferred into the housing trust fund
Status: In committee, March 12, 2025
An Act removing the maximum annual amount of real estate transfer tax receipts that may be transferred into the housing trust fund.
What the bill says
A bill FOR An Act removing the maximum annual amount of real estate transfer tax receipts that may be transferred into the housing trust fund.
From the introduced text, January 30, 2025:
A BILL FOR An Act removing the maximum annual amount of real estate transfer tax receipts that may be transferred into the housing trust fund. BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: TLSB 1263YH (4) jm/md H.F. Section 1. Section 428A.8, subsection 2, Code 2025, is amended by striking the subsection and inserting in lieu thereof the following: 2. For the fiscal year beginning July 1, 2025, and each succeeding fiscal year, of the receipts remitted to the department of revenue under subsection 1, sixty-five percent of the receipts shall be deposited in the general fund, thirty percent of the receipts shall be transferred to the housing trust fund created in section 16.181, and five percent of the receipts shall be transferred to the shelter assistance fund created in section 16.41. Sec. 2. Section 428A.8, subsection 3, Code 2025, is amended by striking the subsection. EXPLANATION The inclusion of this explanation does not constitute agreement with the explanation's substance by the members of the general assembly. 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. Each month county recorders remit 82.75 percent of the real estate transfer tax (RETT) receipts to the department of revenue (DOR), …
Sponsors
- McCulla, Kniff · primary sponsor
Latest actions
- : Subcommittee recommends passage.
- : Subcommittee Meeting: 03/12/2025 12:45PM RM 304.
- : Subcommittee: Young, Behn and Wilson. H.J. 441 .
- : Introduced, referred to Ways and Means. H.J. 152 .
Subjects: housing trust fund, real estate transfer taxes
Common questions
- What is HF171?
- HF171 is a bill in the Iowa Legislature (91st General Assembly): A BILL FOR An Act removing the maximum annual amount of real estate transfer tax receipts that may be transferred into the housing trust fund.
- What does HF171 do?
- In its own words: A bill FOR An Act removing the maximum annual amount of real estate transfer tax receipts that may be transferred into the housing trust fund.
- What is the status of HF171?
- In committee as of March 12, 2025. Latest action: Subcommittee recommends passage. (March 12, 2025).
- Who sponsored HF171?
- McCulla, Kniff.
- Where is the official record for HF171?
- On the Iowa Legislature website: https://www.legis.iowa.gov/legislation/BillBook?ba=HF+0171&ga=91
Source: official Iowa record. Tracked by Delilah, AI for legislation across all 50 states and Congress.