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DE SB226

Bill

Official Source

Status

Introduced

4/1/2010

Primary Sponsor

Earl Jaques

Click for details

Origin

Senate

145th General Assembly

AI Summary

  • Limits the first-time home buyer exemption from realty transfer tax in New Castle County to properties with a purchase price below $400,000.

  • Amendment applies to Section 8102(a), Chapter 81, Title 9 of the Delaware Code.

  • Effective date is July 1, 2010 and does not apply to purchases already under contract before that date.

  • Intended to balance support for first-time home buyers with fiscal responsibility in New Castle County.

Legislative Description

An Act To Amend Title 9 Of The Delaware Code Relating To The Realty Transfer Tax.

Last Action

Amendment SA 1 - Introduced and Placed With the Bill in Senate

6/23/2010

Committee Referrals

Community/County Affairs4/1/2010

Full Bill Text

No bill text available