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DE HB234

Bill

Official Source

Status

Introduced

6/16/2023

Primary Sponsor

Michael Ramone

Click for details

Origin

House of Representatives

152nd General Assembly

AI Summary

  • Modifies the Senior Tax Credit under the Elderly Property Tax Relief and Education Expense Fund, increasing the credit to $1,000 for owners of real property valued less than $500,000
  • Establishes a $500 tax credit for owners of real property valued between $500,000 and $1,000,000
  • Eliminates tax credit eligibility for owners of real property valued over $1,000,000
  • Maintains the $13,000,000 annual funding level for the Elderly Property Tax Relief and Education Expense Fund, with provisions for additional transfers if claims exceed that amount

Legislative Description

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

Last Action

Introduced and Assigned to Administration Committee in House

6/16/2023

Committee Referrals

Administration6/16/2023

Full Bill Text

No bill text available