A bill for an act relating to real estate transfer tax, including declarations of value.

This bill requires sellers or buyers to submit a signed declaration of value when transferring real property in Iowa for recording purposes. The declaration must be filed with the county recorder at the time of recording, with separate declarations needed for multi-parcel properties located in different counties. The legislation exempts certain transfers from this requirement, including corporate mergers, internal entity property transfers without cash consideration, and trust asset distributions to beneficiaries. This change expands existing exemptions to cover more specific business and estate-related property transfers.