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DE HB58
Bill
Status
5/28/2015
Primary Sponsor
Earl Jaques
Click for details
AI Summary
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Increases the tax rate ceiling for New Castle County Vocational Technical School District incrementally from 15 cents per $100 of property value (2015-2016) to 20 cents per $100 (2021 and thereafter).
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Previous ceiling of 14 cents per $100 had been in place since 1983, unchanged for 34 years before this bill.
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New tax rate ceiling sunsets and reverts to 14 cents per $100 when New Castle County conducts a general reassessment of all real estate in the county.
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The Board of Education retains discretion to determine actual tax rates within the new ceilings; this bill only raises the maximum allowable rate.
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Requires the District Superintendent to notify the Registrar of Regulations when the general reassessment occurs to trigger the sunset provision.
Legislative Description
An Act To Amend Title 14 Of The Delaware Code Relating To The Power Of New Castle County Vocational Technical District To Levy Taxes For School Purposes.
Last Action
Signed by Governor
5/28/2015