DE HB321 | 2019-2020 | 150th General Assembly
Status
Spectrum: Partisan Bill (Republican 10-0)
Status: Introduced on March 27 2020 - 25% progression, died in committee
Action: 2020-03-27 - Introduced and Assigned to Revenue & Finance Committee in House
Pending: House Revenue & Finance Committee
Text: Latest bill text (Draft #1) [HTML]
Status: Introduced on March 27 2020 - 25% progression, died in committee
Action: 2020-03-27 - Introduced and Assigned to Revenue & Finance Committee in House
Pending: House Revenue & Finance Committee
Text: Latest bill text (Draft #1) [HTML]
Summary
This Act eliminates the state's portion of the realty transfer tax for closings for first time home buyers with a purchase price of $250,000 or less. The bill applies to a home buyer whose gross income is less than $45,000 or in the case of natural person joint purchasers whose combined gross income is less than $75,000.
Title
An Act To Amend Title 30 Of The Delaware Code Relating To Realty Transfer Tax Reduction.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2020-03-27 | Introduced and Assigned to Revenue & Finance Committee in House |
