AN ACT TO AMEND TITLE 14 OF THE DELAWARE CODE RELATING TO SCHOOL TAXES.

This Act authorizes school districts to set different tax rates for residential and non-residential property. The non-residential rate must be at least as great as the residential rate and may be no more than twice the residential rate. The school district must set both rates so that it is not realizing any more revenue than it was authorized to collect by law if it were using a single tax rate. This Act also makes a change to the additional amount a school board may approve to the tax rate to account for delinquencies and costs of collection. Under current law a school board is required to add 10% to its authorized tax rate for delinquencies and costs of collection. This Act allows, but does not require, a school board to add up to 10% to its tax rate for delinquencies and costs of collection. Technical corrections are also made to align these sections with the Delaware Legislative Drafting Manual.