DE SB25

Amends the realty transfer tax rate on construction documents to clarify the tax is 2% on amounts exceeding $10,000, borne by the building owner.

Exempts affordable housing units from the 2% tax on construction documents when financed by federal, state, county, or municipal funding specifically designated for affordable housing construction.

Defines "affordable housing units" for purposes of the exemption by reference to the existing definition in § 5401(1)y.2 of Title 30.