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DE HB124
Bill
Status
Introduced
5/5/2015
Primary Sponsor
David Wilson
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AI Summary
- Proposes amendment to Article VIII of the Delaware Constitution to add Section 12 restricting use of realty transfer tax revenues
- Requires $10,000,000 in annual realty transfer tax receipts be transferred to the Delaware Farmland Preservation Fund beginning in fiscal year 2018
- Prohibits appropriation or withdrawal of remaining realty transfer tax revenues from the state treasury until the $10 million transfer to the Farmland Preservation Fund is completed
- Aims to constitutionally bind future administrations and legislatures to fund the Delaware Agricultural Lands Preservation Act's conservation goals for agricultural lands
- Requires two-thirds majority approval in both chambers of the General Assembly to pass as a constitutional amendment
Legislative Description
An Act Proposing An Amendment To The Delaware Constitution Relating To The Realty Transfer Tax.
Last Action
Defeated by House of Representatives. Votes: Defeated 20 YES 17 NO 0 NOT VOTING 4 ABSENT 0 VACANT
3/15/2016
Committee Referrals
Agriculture5/5/2015
Full Bill Text
No bill text available