An Act To Amend Titles 9 And 30 Of The Delaware Code Relating To Realty Transfer Tax. [HB-380]
This bill allows first-time home buyers to pay their portion of the realty transfer tax at the rate that was in effect prior to the increase that took effect on August 1, 2017. The credit is calculated as 0.5% of the first $400,000 in home value, with a maximum allowable credit of $2,000. This legislation is retroactive for any first-time home buyer who entered into a transaction for the transfer of real estate on or after August 1, 2017. The seller in any transaction with a first-time buyer will still pay the current tax rate. The bill also removes
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HB-380: An Act To Amend Titles 9 And 30 Of The Delaware Code Relating To Realty Transfer Tax.
Sponsored by: Sen. David Wilson
Signed By Governor on 08/28/2018
An Act To Amend The Charter Of The City Of Newark Relating To The Powers Of Council. [HB-435]
This bill permits the Council of the City of Newark to impose and collect a lodging tax of no more than 3 percent on hotel and motel rooms located in the City of Newark so long as it is approved by a majority of the council pursuant to the provisions of the Charter of the City of Newark.
HB-435: An Act To Amend The Charter Of The City Of Newark Relating To The Powers Of Council.
Sponsored by: Rep. John Kowalko
Signed By Governor on 07/01/2018
An Act To Amend Title 14 Of The Delaware Code Relating To Voluntary School Assessments. [HB-454]
This Act promotes diversity of housing in Delaware by acknowledging that not all residential units warrant the same Voluntary School Assessment. Currently, single family residential subdivision projects are subject to the same per unit Voluntary School Assessment as an apartment project, regardless of size and number of bedrooms. The current framework can place an undue burden on multi-family and smaller unit residential projects.
HB-454: An Act To Amend Title 14 Of The Delaware Code Relating To Voluntary School Assessments.
Sponsored by: Sen. Harris McDowell
Stricken In House on 06/30/2018