HB 286 DE
AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO DECREASING THE STATE'S REALTY TRANSFER TAX RATE OF TAXATION.
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Summary
For conveyances having a property value of less than $350,000, the state will not assess a realty transfer tax. This Act also reduces the State's rate of realty transfer tax by 1/4% per year for 4 years, for residential property conveyances having a property value of $350,000 to $500,000.
Sponsors (4)
- Lyndon D. Yearick Republican · primary
- Franklin D. Cooke Democratic · primary
- Michael F. Smith Republican · primary
- David L. Wilson Republican · primary
Action history (3)
- Jan 29, 2026 Introduced and Assigned to Revenue & Finance Committee in House · lower
- Jun 10, 2026 Reported Out of Committee (Revenue & Finance) in House with 3 Favorable, 7 On Its Merits · lower
- Jun 11, 2026 Assigned to Appropriations Committee in House · lower
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