Iowa SF 436: A bill for an act relating to the standard of judicial review and providing a claim or defense when a state action burdens a person’s exercise of religion, and including effective date provisions.

Bill Text

Senate
File
436
-
Introduced

SENATE
FILE
436

BY
WEINER
,
DONAHUE
,
DOTZLER
,

WINCKLER
,
CELSI
,
STAED
,

TOWNSEND
,
PETERSEN
,
and

QUIRMBACH

A
BILL
FOR

An
Act
removing
the
maximum
annual
amount
of
real
estate
1

transfer
tax
receipts
that
may
be
transferred
into
the
2

housing
trust
fund.
3

BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
4

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91

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S.F.
436

Section
1.
Section
428A.8,
subsection
2,
Code
2025,
is
1

amended
by
striking
the
subsection
and
inserting
in
lieu
2

thereof
the
following:
3

2.
For
the
fiscal
year
beginning
July
1,
2025,
and
each
4

succeeding
fiscal
year,
of
the
receipts
remitted
to
the
5

department
of
revenue
under
subsection
1,
sixty-five
percent
6

of
the
receipts
shall
be
deposited
in
the
general
fund,
thirty
7

percent
of
the
receipts
shall
be
transferred
to
the
housing
8

trust
fund
created
in
section
16.181,
and
five
percent
of
the
9

receipts
shall
be
transferred
to
the
shelter
assistance
fund
10

created
in
section
16.41.
11

Sec.
2.
Section
428A.8,
subsection
3,
Code
2025,
is
amended
12

by
striking
the
subsection.
13

EXPLANATION
14

The
inclusion
of
this
explanation
does
not
constitute
agreement
with
15

the
explanation’s
substance
by
the
members
of
the
general
assembly.
16

The
housing
trust
fund
(HTF)
was
established
for
the
17

development
and
preservation
of
affordable
housing
for
18

low-income
people
in
the
state
and
for
the
Iowa
mortgage
help
19

initiative.
20

Each
month
county
recorders
remit
82.75
percent
of
the
21

real
estate
transfer
tax
(RETT)
receipts
to
the
department
22

of
revenue
(DOR),
and
deposit
the
remaining
17.25
percent
of
23

the
RETT
receipts
in
the
county
general
fund.
Of
the
RETT
24

receipts
transferred
to
DOR,
DOR
transfers
65
percent
to
the
25

state
general
fund,
30
percent
to
the
HTF,
and
5
percent
to
the
26

shelter
assistance
fund.
Currently,
DOR
may
deposit
a
maximum
27

of
$7
million
of
RETT
receipts
into
the
HTF
per
year.
Any
28

amounts
in
excess
of
$7
million
are
deposited
into
the
state
29

general
fund.
30

This
bill
removes
the
$7
million
annual
maximum
that
may
be
31

deposited
into
the
HTF.
32

The
bill
also
strikes
outdated
phase-in
language
in
Code
33

section
428A.8(2).
34

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