Transcription of CHAPTER428A - Iowa
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1 REALESTATETRANSFERTAX, , , ,instrument,orwritingbywhichanylands,ten ements,orotherrealtyinthisstatearegrante d,assigned,transferred,orotherwiseconvey ed,ataxdeterminedinthefollowingmanner:(1 )Whenthereisnoconsiderationorwhenthedeed ,instrument,orwritingisexecutedandtender edforrecordingasaninstrumentcorrectiveof title,andsostates,thereisnotax.(2)Whenth ereisconsiderationandtheactualmarketvalu eoftherealpropertytransferredisinexcesso ffivehundreddollars, consideration ,asusedinthischapter,meansthefullamounto ftheactualsalepriceoftherealpropertyinvo lved,paidortobepaid,includingtheamountof anencumbranceorlienontheproperty, , ,instrument,orwritingbywhichanyrealprope rtyinthisstateisgranted,assigned,transfe rred,orotherwiseconveyedispresentedforre cordingtothecountyrecorder, ,ifthedeed,instrument,orwritingcontainsm ultipleparcelssomeofwhicharelocatedinmor ethanonecounty, ,subsections2through5,7throug
or limited liability company under the laws of this state, where the deeds are given for no actual consideration other than for shares or for debt securities of the corporation, partnership,limitedpartnership,limitedliabilitypartnership,orlimitedliabilitycompany. For purposes of this subsection, a family corporation, partnership, limited ...
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