Loading chat...
DE HB223
Bill
Status
12/10/2015
Primary Sponsor
Paul Baumbach
Click for details
AI Summary
-
Expands compensatory payment eligibility to include cities with population over 25,000 and at least 20% tax-exempt property, in addition to county seats (Wilmington, Dover, Georgetown)
-
Increases annual payment cap from $3,000,000 to $3,500,000 in state fiscal year funds
-
Adjusts payment formulas: county seats under 50,000 with less than 20% tax-exempt property receive 36.0% (increased from 30.8%), county seats under 50,000 with over 20% tax-exempt property receive 18.0%, and qualifying non-county seat cities receive 12.0%
-
Removes Delaware State University and University of Delaware from exemptions, making all state properties subject to assessment and payment calculations
-
Takes effect immediately upon enactment
Legislative Description
An Act To Amend Title 29 Of The Delaware Code Relating To Compensatory Payments For Certain Exempt Properties Owned By The State.
Last Action
Introduced and Assigned to Appropriations Committee in House
12/10/2015