Delaware House Bill 349 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on June 11 2010 - 100% progression
Action: 2010-06-11 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]

Resident individuals and corporations are currently required to estimate, report, and pay the tax due on income, including gains recognized from the sale of real estate, in the quarter during which the sale occurs. This Bill will require nonresident persons, corporations or pass-through entities that sell real estate owned in this State to declare and pay their estimate of the tax due on the gain recognized from the sale before the deed will be recorded. The Bill does not apply to estates or to entities classified as a trust for federal income tax purposes, but does apply to the members, beneficiaries or grantors of entities disregarded for federal income tax purposes. This Bill will facilitate the reporting and collection of the tax, and the administration of the tax code.

An Act To Amend Titles 9 And 30 Of The Delaware Code Relating To Withholding Of Tax On Gains From Real Estate.

Sen. Anthony DeLuca [D]

Rep. Robert Gilligan [D]

2010-06-01 - Senate - Senate Third Reading (Y: 19 N: 0 NV: 0 Abs: 2) [PASS]
2010-04-22 - House - House Third Reading (Y: 39 N: 0 NV: 0 Abs: 2) [PASS]

Date	Chamber	Action
2010-06-11		Signed by Governor
2010-06-11		Signed by Governor
2010-06-01		Passed by Senate. Votes: Passed 19 YES 0 NO 0 NOT VOTING 2 ABSENT 0 VACANT
2010-05-12		Reported Out of Committee (FINANCE) in Senate with 6 On Its Merits
2010-05-04		Assigned to Finance Committee in Senate
2010-04-22		Passed by House of Representatives. Votes: Passed 39 YES 0 NO 0 NOT VOTING 2 ABSENT 0 VACANT
2010-03-31		Reported Out of Committee (REVENUE & FINANCE) in House with 5 Favorable, 3 On Its Merits
2010-03-30		Introduced and Assigned to Revenue & Finance Committee in House

Type	Source
Summary	http://legis.delaware.gov/LIS/lis145.nsf/2bede841c6272c888025698400433a04/9c516fab297c71af852576f20046114a?OpenDocument
Text	http://legis.delaware.gov/LIS/lis145.nsf/vwLegislation/HB+349/$file/legis.html?open
Roll Call	http://legis.delaware.gov/LIS/lis145.nsf/7712cf7cc0e9227a852568470077336f/cd61fd43e201f9738525770d00733620?OpenDocument
Roll Call	http://legis.delaware.gov/LIS/lis145.nsf/7712cf7cc0e9227a852568470077336f/b4965dc0e76ebebd8525773500717fa3?OpenDocument