Delaware General Assembly

House Revenue & Finance 3/27/20

The General Assembly has ended, the current status is the final status.

3/27/20

Yearick

Sen. Lopez

Reps. Briggs King, Collins, Dukes, Gray, Ramone, D. Short, Michael Smith
Sen. Wilson

AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO REALTY TRANSFER TAX REDUCTION.

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.

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Takes effect upon being signed into law

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