DE HB298 | 2021-2022 | 151st General Assembly
Status
Spectrum: Moderate Partisan Bill (Republican 6-1)
Status: Introduced on February 11 2022 - 25% progression, died in committee
Action: 2022-02-11 - Introduced and Assigned to Revenue & Finance Committee in House
Pending: House Revenue & Finance Committee
Text: Latest bill text (Draft #1) [HTML]
Status: Introduced on February 11 2022 - 25% progression, died in committee
Action: 2022-02-11 - Introduced and Assigned to Revenue & Finance Committee in House
Pending: House Revenue & Finance Committee
Text: Latest bill text (Draft #1) [HTML]
Summary
This Act authorizes a reduction in the realty transfer tax for senior Delaware residents who have resided in Delaware for at least 10 consecutive years prior to entering into a transaction to sell their primary Delaware residence. This reduction only applies to an amount equal to 1/2 percent multiplied by the lesser of the value of the property, or $400,000.
Title
An Act To Amend Title 30 Of The Delaware Code Relating To Realty Transfer Tax.
Sponsors
| Rep. Ruth Briggs King [R] | Sen. Colin Bonini [R] | Sen. Darius Brown [D] | Rep. Ronald Gray [R] |
| Rep. Michael Ramone [R] | Rep. Michael Smith [R] | Rep. Jesse Vanderwende [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2022-02-11 | Introduced and Assigned to Revenue & Finance Committee in House |
