HB 343 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
This Act reduces the State's rate of realty transfer tax by .25% per year for 4 years, for residential property conveyances having a property value less than $500,000, and for commercial property convenances having a property value less than $1,000,000, starting January 1, 2025. After January 1, 2028, the State's realty transfer tax rate will be the same rate as it was prior to August 1, 2017 for these conveyances.
Sponsors (7)
- Lyndon D. Yearick Republican · primary
- Franklin D. Cooke Democratic · primary
- Ronald E. Gray Republican · primary
- Sean Matthews · primary
- Daniel B. Short Republican · primary
- Stell Parker Selby · primary
- David L. Wilson Republican · primary
Action history (4)
- Mar 12, 2024 Introduced and Assigned to Revenue & Finance Committee in House · lower
- Mar 20, 2024 Not Worked in Committee · lower
- May 15, 2024 Amendment HA 1 to HB 343 - Introduced and Placed With Bill · lower
- Jun 12, 2024 Motion to Release Failed · lower
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