DE HB166

Exempts half of Delaware's realty transfer tax for first-time home buyers who are purchasing a principal residence and have not owned a principal residence in the past three years.

Requires that if multiple buyers are purchasing a property together, each buyer must qualify as a first-time home buyer to receive the exemption.

Requires an affidavit to be presented with transfer documents listing all real estate brokers, salespersons, and other licensed professionals receiving commission money, along with their Delaware Division of Professional Regulation certificate or license number.

Enables the Department of Finance to adopt rules and regulations for the affidavit requirement to improve collection of income taxes on commission payments, particularly from non-residents.