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DE SB249
Bill
Status
6/9/2016
Primary Sponsor
Gary Simpson
Click for details
AI Summary
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Adds Milford Housing Development Corporation (MHDC), EJB, Inc., and Martha & Mary's Place, Inc. to Delaware's list of tax-exempt organizations under Title 9 of the Delaware Code.
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Exempts real property owned and used by these three nonprofit corporations from property tax assessment and taxation by Delaware counties and other political subdivisions.
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Exemption applies only to property used for organizational purposes, excluding property held as investment.
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Amends §8106 of Title 9, Delaware Code regarding specific organizations and purposes for property tax exemptions.
Legislative Description
An Act To Amend Title 9 Of The Delaware Code Relating To Property Taxes
Last Action
Reported Out of Committee (HOUSING & COMMUNITY AFFAIRS) in House with 6 On Its Merits
6/15/2016