Bill Text: DE HB409 | 2015-2016 | 148th General Assembly | Draft
Bill Title: An Act To Amend The Charter Of The Town Of Milton Relating To Taxes.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Passed) 2016-08-03 - Signed by Governor [HB409 Detail]
Download: Delaware-2015-HB409-Draft.html
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SPONSOR: |
Rep. Smyk & Sen. Lopez |
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HOUSE OF REPRESENTATIVES 148th GENERAL ASSEMBLY |
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HOUSE BILL NO. 409 |
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AN ACT TO AMEND THE CHARTER OF THE TOWN OF MILTON RELATING TO TAXES. |
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE (Two-thirds of all members elected to each house thereof concurring therein):
Section 1. Amend Section 29(a)(26) of the Charter of the Town of Milton by making deletions as shown by strike through and insertions as shown by underline as follows:
Section 29. Enumeration of Powers
(a) Not by way of limitation upon the power vested in the
Town Council of The Town of Milton to exercise all powers delegated by this
Charter to the municipal corporation or to the Town Council except as may
expressly appear herein to the contrary, but, rather by way of enumeration and
for purposes of clarity, the Town Council is vested by this Charter with the
following powers, to be exercised by the Town Council in the interest of good
government, and the safety, health and public welfare of the Town, its
inhabitants and affairs, that is to say:
(26) To levy and collect taxes for any and all municipal purposes upon
all real estate and improvements located thereon; provided, however, that the
amount to be raised from this source shall not exceed in any one year the sum
equal to one half of one percent (0.5%) of the assessed value of all such
taxable real estate and improvements thereon situated within the corporate
limits of the Town of Milton One Million Seven Hundred Fifty Thousand
Dollars ($1,750,000); and provided further that there shall be no
limitation upon the amount which may be raised from the taxation of real estate
for the payment of interest on and principal of any bonded indebtedness whether
herein before or hereafter incurred; ;
Section 2.This Act shall take effect immediately upon its enactment into law.
SYNOPSIS
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This bill amends the Charter of the Town of Milton to place a "hard" cap of $1.75 million on the amount of real property taxes that the Town can levy and collect.Currently, the Charter provides a "soft" cap of 0.5% of the total assessed value within the corporate limits, which calculates to about $2 million presently. |
