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DE HB287

Bill

Official Source

Status

Introduced

1/18/2022

Primary Sponsor

Kevin Hensley

Click for details

Origin

House of Representatives

151st General Assembly

AI Summary

  • Increases the maximum elderly property tax credit from $500 to $750 under Delaware Code Title 29, § 6102(q)(3)
  • Credit applies to qualified property and is limited to the lesser of 50% of school property tax (after exemptions) or the maximum credit amount
  • Local school boards retain authority to vote on whether to authorize the credit and may approve amounts less than the maximum
  • Boards authorizing less than maximum credit must develop a plan for using received funds for education-related expenses including computer hardware, library resources, and minor facility improvements

Legislative Description

An Act To Amend Title 29 Of The Delaware Code Relating To The Elderly Property Tax Relief And Education Expense Fund By Increasing The Elderly Property Tax Credit.

Last Action

Introduced and Assigned to Administration Committee in House

1/18/2022

Committee Referrals

Administration1/18/2022

Full Bill Text

No bill text available