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

This bill requires a signed "declaration of value" from at least one seller, buyer, or their agent when most real estate transfers (like home sales) are recorded with county offices. It specifically expands existing exemptions to exclude certain transactions: corporate mergers/reorganizations, transfers between family entities and their owners without payment, and trust asset distributions to beneficiaries with no consideration. These changes simplify paperwork for those specific property transfers, reducing the need for declarations in those cases. The bill affects sellers, buyers, and county recorders handling property deeds across Iowa.