Senate Study Bill 1135 SENATE FILE BY (PROPOSED COMMITTEE ON COMMERCE BILL BY CHAIRPERSON WARNSTADT) Passed Senate, Date Passed House, Date Vote: Ayes Nays Vote: Ayes Nays Approved A BILL FOR 1 An Act prohibiting declaration of value forms for the conveyance 2 of real estate to include social security numbers. 3 BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA: 4 TLSB 1948SC 83 5 da/mg:sc/5 PAG LIN 1 1 Section 1. Section 428A.7, Code 2009, is amended to read 1 2 as follows: 1 3 428A.7 FORMS PROVIDED BY DIRECTOR OF REVENUE. 1 4 The director of revenue shall prescribe the form of the 1 5 declaration of value and shall include an appropriate place 1 6 for the inclusion of special facts and circumstances relating 1 7 to the actual sales price in real estate transfers. The 1 8 director shall provide an adequate number of the declaration 1 9 of value forms to each county recorder in the state. The 1 10 declaration of value form shall not require or provide for the 1 11 social security number of any seller or buyer or their agents. 1 12 EXPLANATION 1 13 When real estate is conveyed, a declaration of value signed 1 14 by at least one of the sellers or buyers or their agents must 1 15 be submitted to the county recorder (Code section 428A.1). 1 16 The declaration of value must include information about the 1 17 real estate including the consideration paid, and must be 1 18 signed by one of the parties or their agents. The department 1 19 of revenue prescribes the forms for such declarations which 1 20 includes places for the inclusion of facts and circumstances 1 21 relating to the sale (Code section 428.7). The bill provides 1 22 that the form shall not require or provide for the social 1 23 security number of a buyer or seller or their agents. 1 24 LSB 1948SC 83 1 25 da/mg:sc/5