HB 279 - Increases Rate of Realty Transfer Tax - Delaware Key Vote
Stephen Smyk voted Yea (Passage) on this Legislation.
Timeline
- Executive Signed
- July 3, 2017
- Senate Bill Passed
- July 2, 2017
- House Bill Passed
- July 2, 2017
- Introduced
- July 2, 2017
Related Issues
Stage Details
Title: Increases Rate of Realty Transfer Tax
Signed by Governor John Carney, Jr.
Title: Increases Rate of Realty Transfer Tax
Vote Smart's Synopsis:
Vote to pass a bill that increases the rate of transfer realty tax by 1%.
Highlights:
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Increases the realty transfer tax from 2 percent to 3 percent (Sec. 1).
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Increases the 1.5 percent realty transfer tax in certain municipalities to 2.5 percent (Sec. 1).
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Increases the rate of tax on certain construction projects exceeding $10,000 from 1 percent to 2 percent (Sec. 1).
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Specifies that this does not affect real estate transfers with contracts entered into before August 1, 2017 (Sec. 2).
Title: Increases Rate of Realty Transfer Tax
Vote Smart's Synopsis:
Vote to pass a bill that increases the rate of realty transfer tax by 1 percent.
Highlights:
-
Increases the realty transfer tax from 2 percent to 3 percent (Sec. 1).
-
Increases the 1.5 percent realty transfer tax in certain municipalities to 2.5 percent (Sec. 1).
-
Increases the rate of tax on certain construction projects exceeding $10,000 from 1 percent to 2 percent (Sec. 1).
-
Specifies that this does not affect real estate transfers with contracts entered into before August 1, 2017 (Sec. 2).
Title: Increases Rate of Realty Transfer Tax
- Margaret Rose Henry (DE - D) (Out Of Office)
- Deborah D. Hudson (DE - R) (Out Of Office)
- Gregory F. Lavelle (DE - R) (Out Of Office)
- Valerie J. Longhurst (DE - D)
- David B. McBride (DE - D) (Out Of Office)
- Nicole Poore (DE - D)
- Daniel B. 'Danny' Short (DE - R)
- F. Gary Simpson (DE - R) (Out Of Office)
- John J. Viola (DE - D) (Out Of Office)