IA
Iowa Senate Bill SF436

Iowa 2025-2026 Regular Session

Iowa Senate Bill SF436

Introduced
2/25/25  

Caption

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.

Impact

By eliminating the maximum cap on allocations to the HTF, SF436 seeks to enhance the financial resources available for affordable housing projects across Iowa. With rising housing costs and a demand for low-income housing options, this bill is designed to bolster state efforts to ensure adequate housing for all citizens. The bill addresses a critical need within the community, potentially transforming the landscape of affordable housing and enabling more projects to be funded as necessary.

Summary

Senate File 436, introduced by Senators Weiner and others, aims to remove the current $7 million cap on the annual amount of real estate transfer tax receipts that can be deposited into the housing trust fund (HTF). This change is significant as it allows for potentially unlimited funds to be allocated to affordable housing initiatives in the state, which are crucial for supporting low-income households. The HTF is an essential resource for the development and preservation of affordable housing and is also tied into the Iowa mortgage help initiative, aimed at assisting residents in need.

Contention

While proponents of the bill argue that it would lead to better funding for affordable housing, opponents may express concerns related to the management and allocation of these funds. The removal of a cap could lead to debates surrounding fiscal responsibility and prioritization of funding, particularly when it comes to balancing resources between various state programs. Ensuring that the increase in funding benefits low-income families while maintaining checks on spending may become a point of contention as the bill moves through the legislative process.

Latest IA SF436 Activity

View All Events: IA 2025-2026 Regular Session SF436

Companion Bills

IA HF171

Similar To 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.

Previously Filed As

IA HSB557

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.(See HF 2188, HF 2634.)

IA HF2634

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.(Formerly HF 2188, HSB 557.)

IA HF2188

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.(Formerly HSB 557; See HF 2634.)

IA HSB4

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.(See HF 111.)

IA SSB1007

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.(See SF 150.)

IA SF150

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 SSB 1007.)

IA HF111

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.

IA SF550

A bill for an act relating to state and local revenue and finances by modifying sales and use taxes, the charitable conservation contribution tax credit available against individual and corporate income taxes, the water service tax, property taxes, transit funding, and local option taxes, crediting moneys to the natural resources and outdoor recreation trust fund, modifying allocations of road use tax fund moneys, making appropriations, and including effective date, retroactive applicability, and applicability provisions.(Formerly SSB 1125.)

IA HSB664

A bill for an act relating to the organization, structure, and functions of state and local governments, providing for salaries of certain state officers, making statutory corrections, resolving inconsistencies, removing ambiguities, and including effective date provisions.(See HF 2550, HF 2686.)

IA SSB3144

A bill for an act relating to the organization, structure, and functions of state and local governments, providing for salaries of certain state officers, making statutory corrections, resolving inconsistencies, removing ambiguities, and including effective date provisions.(See SF 2377, SF 2416.)

Similar Bills

No similar bills found.