DE HB36

Reduces the state realty transfer tax rate from 3% to 2% for standard property transfers, or from 2.5% to 1.5% in municipalities or counties that have enacted the full 1.5% local realty transfer tax.

Reduces the realty transfer tax rate on documents for leasehold interests from 3% to 2%, or from 2.5% to 1.5% in jurisdictions with full local realty transfer tax.

Reduces the realty transfer tax rate on building construction documents from 2% to 1% on amounts exceeding $10,000.

Repeals subsection (e) regarding exemption for certain documents entered into prior to July 7, 1973.

Applies to all documents recorded and building permits applied for after the effective date of the Act.