Delaware General Assembly

House Revenue & Finance 5/6/21

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

5/6/21

Yearick

Rep. Baumbach
Sen. Lopez

Reps. Briggs King, Collins, D. Short, Smyk, Vanderwende
Sen. Pettyjohn, Wilson

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

This Act temporarily eliminates the state's portion of the realty transfer tax for certain real estate closings for first time home buyers with a purchase price of $250,000 or less. The bill applies to a natural person 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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