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HB 343 Delaware House · 152nd General Assembly (2023-2024)

AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO DECREASING THE STATE'S REALTY TRANSFER TAX RATE OF TAXATION.

Summary
This Act reduces the State's rate of realty transfer tax by .25% per year for 4 years, for residential property conveyances having a property value less than $500,000, and for commercial property convenances having a property value less than $1,000,000, starting January 1, 2025. After January 1, 2028, the State's realty transfer tax rate will be the same rate as it was prior to August 1, 2017 for these conveyances.
Bill status failed 1 of 4 stages cleared
Introduction
Mar 2024
Committee Review
Floor Vote
Governor
Introduced Mar 12, 2024 Last action Jun 12, 2024
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
4
Key actions
1
Committee
1
Amendments
1
May 15, 2024
Introduced
Amendment HA 1 to HB 343 - Introduced and Placed With Bill
lower
Mar 20, 2024
Lower · Passed
Not Worked in Committee
lower
Mar 12, 2024
Introduced
Introduced and Assigned to Revenue & Finance Committee in House
lower
7 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Danny Short
Danny Short
RRepublican
DE
39
P
Photo of Dave Wilson
Dave Wilson
RRepublican
DE
18
P
Photo of Frank Cooke
Frank Cooke
DDemocratic
DE
16
P
Photo of Lyndon Yearick
Lyndon Yearick
RRepublican
DE
34
P
Photo of Ron Gray
Ron Gray
RRepublican
DE
38
P
Photo of Sean Matthews
Sean Matthews
DDemocratic
DE
10
P
Photo of Stell Selby
Stell Selby
DDemocratic
DE
20