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Federal Stamp Law Ends State to Apply Own Levy
The federal tax stamps on real estate transfers expire Jan 1 and Iowa will impose a state levy. County recorders sell the stamps by meter. older federal stamps may be redeemed at IRS offices. Exemptions include deeds for federal or state agencies and cemetery deeds. Rates mirror federal at 55 cents per $500.
MENTIONED IN THIS ARTICLE
Iowa
County Recorder’s Office
Post Office
Internal Revenue Service
IRS
Linn County
E. F
Pat” Kane
United States