DE HB31

Creates a tiered senior property tax credit structure based on years of domicile in Delaware, with credits of $400 for seniors domiciled 3+ years and $500 for those domiciled 10+ years.

Establishes different domicile requirements: seniors who established domicile after December 31, 2017 must have been domiciled for at least 10 consecutive years; those who established domicile between January 1, 2013 and December 31, 2017 need only 3 consecutive years.

Allows local school boards to authorize the credit through majority vote and provides an alternative option for boards choosing not to authorize the credit, directing allocated funds toward education-related expenses instead.

Funds the program through a dedicated "Elderly Property Tax Relief and Education Expense Fund" with an initial allocation of $13,000,000, with provisions for additional transfers if claims exceed this amount.

Applies the credit after any exemptions under Title 9 and Title 22 and after any tax reductions, with calculations based on 50 percent of remaining tax or the specified dollar amount, whichever is less.