DE HB228

Allows Kent County Levy Court to designate a later date than January 1 of the year preceding TIF District creation for determining the "adjusted assessed value" of real property in tax increment financing districts.

Permits Kent County Levy Court to designate a later date than January 1 of the year preceding TIF District creation for determining the "original assessed value" used in the Kent County Tax Increment Financing Act.

Applies to all property types, including real property that qualifies for agricultural, horticultural, or forest use assessments under Delaware code.

Becomes effective upon enactment into law.