Bill Text: DE SB78 | 2023-2024 | 152nd General Assembly | Draft
Bill Title: An Act To Amend Title 14 Of The Delaware Code Relating To School Property Tax Exemptions.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced) 2024-05-22 - Assigned to Finance Committee in Senate [SB78 Detail]
Download: Delaware-2023-SB78-Draft.html
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SPONSOR: |
Sen. Lockman & Rep. K. Johnson |
DELAWARE STATE SENATE
152nd GENERAL ASSEMBLY
SENATE BILL NO. 78
AN ACT TO AMEND TITLE 14 OF THE DELAWARE CODE RELATING TO SCHOOL PROPERTY TAX EXEMPTIONS.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF DELAWARE:
Section 1. Amend § 1902, Title 14 of the Delaware Code by making deletions as shown by strike through and insertions as shown by underline as follows:
§ 1902. Power of district to levy taxes for school purposes.
(a) Any district may, in addition to the amounts apportioned to it by the Department of Education or appropriated to it by the General Assembly, levy and collect additional taxes for school purposes upon the assessed value of all taxable real estate in such district the district, except real estate exempt from taxation under: any of the following:
(1) State law; Real estate exempt from taxation under other law of this State.
(2) A Real estate exempt from taxation under a county ordinance adopted prior to before June 26, 1995, exempting property for the purpose of attracting or expanding a for-profit business; and business.
(3) A Real estate exempt from taxation under a county ordinance adopted on or before January 1, 1998, granting, clarifying clarifying, or expanding any exemption from county taxation.
(4) Real estate owned by Todmorden Foundation and used for the purposes of affordable housing.
SYNOPSIS
This Act exempts from school property taxes real estate owned by Todmorden Foundation and used for the purposes of affordable housing.
This Act also makes technical corrections to conform existing law to the standards of the Delaware Legislative Drafting Manual.
Author: Senator Lockman
