A bill for an act relating to real estate transfer tax, including declarations of value. (Formerly HF 2188, HSB 569.) Effective date: 07/01/2026.

IA HF2749 is a bill that modifies the real estate transfer tax in Iowa, which is a tax paid when property changes hands. It includes updates regarding the declarations of value that must be submitted during these transactions. The bill is set to take effect on July 1, 2026.

Supporters of IA HF2749 argue that the changes to the real estate transfer tax will streamline the process of property transactions and ensure fairer assessments of property values. They believe this will benefit both buyers and sellers by making the system more transparent and efficient.

Critics of IA HF2749 contend that altering the real estate transfer tax could lead to increased costs for homebuyers and sellers, making it harder for people to afford housing. They worry that the changes may disproportionately affect low-income families and first-time homebuyers who are already facing financial challenges.