House File 111 - EnrolledAn Actrelating to an exception to the real estate transfer
tax for deeds that transfer distributions of assets to
beneficiaries of a trust.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:
   Section 1.  Section 428A.2, Code 2023, is amended by adding
the following new subsection:
   NEW SUBSECTION.  22.  Deeds transferring distributions
of assets to beneficiaries of a trust when conveyed without
consideration.
______________________________
PAT GRASSLEYSpeaker of the House
______________________________
AMY SINCLAIRPresident of the Senate
   I hereby certify that this bill originated in the House and is known as House File 111, Ninetieth General Assembly.______________________________
MEGHAN NELSONChief Clerk of the House
Approved _______________, 2023______________________________
KIM REYNOLDSGovernor
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