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DE HB426

Bill

Official Source

Status

Passed

7/22/2022

Primary Sponsor

Peter Schwartzkopf

Click for details

Origin

House of Representatives

151st General Assembly

AI Summary

  • Amends Delaware Code Title 9, Chapter 81 regarding transfers of real property subject to county taxation
  • Adds recreational amenities and land preservation programs to the list of allowable uses for Realty Transfer Tax funds collected by counties
  • Requires Realty Transfer Tax funds to remain segregated from the county's general fund and be expended solely for capital and operating costs of public safety services, economic development programs, public works services, capital projects and improvements, infrastructure projects and improvements, and debt reduction
  • Expands county discretion in allocating transfer tax revenues to include environmental and recreational conservation purposes alongside existing infrastructure and public safety priorities

Legislative Description

An Act To Amend Title 9 Of The Delaware Code Relating To County Taxes.

Last Action

Signed by Governor

7/22/2022

Committee Referrals

Executive5/19/2022
Administration5/12/2022

Full Bill Text

No bill text available