Delaware House Bill 380 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 18-9)
Status: Passed on August 28 2018 - 100% progression
Action: 2018-08-28 - Signed by Governor
Text: Latest bill text (Engrossed) [HTML]

This bill allows first-time home buyers to pay their portion of the realty transfer tax at the rate that was in effect prior to the increase that took effect on August 1, 2017. The credit is calculated as 0.5% of the first $400,000 in home value, with a maximum allowable credit of $2,000. This legislation is retroactive for any first-time home buyer who entered into a transaction for the transfer of real estate on or after August 1, 2017. The seller in any transaction with a first-time buyer will still pay the current tax rate. The bill also removes a provision that applied to contracts entered into prior to 1971, since such provision is no longer relevant. For ease of application, the new definition of "first-time home buyer" is cross-referenced in the already existing Code provision directing the counties to exempt such buyers from any county-imposed realty transfer tax. This reduction in the tax rate for first-time home buyers will be effective for transactions entered into on or after the effective date of this Act.

An Act To Amend Titles 9 And 30 Of The Delaware Code Relating To Realty Transfer Tax.

Rep. Peter Schwartzkopf [D]	Sen. David McBride [D]	Sen. Nicole Poore [D]	Sen. Robert Marshall [D]
Rep. Valerie Longhurst [D]	Rep. John Viola [D]	Sen. Charles Paradee [D]	Rep. Kimberly Williams [D]
Rep. Andria Bennett [D]	Sen. Brian Bushweller [D]	Sen. Ernesto Lopez [R]	Sen. Jack Walsh [D]
Rep. Gerald Brady [D]	Rep. Ruth Briggs King [R]	Rep. Richard Collins [R]	Rep. Debra Heffernan [D]
Rep. Kevin Hensley [R]	Rep. Earl Jaques [D]	Rep. Quinton Johnson [D]	Rep. John Kowalko [D]
Rep. Charles Potter [D]	Rep. Michael Ramone [R]	Rep. Bryon Short [D]	Rep. Daniel Short [R]
Rep. Jeffrey Spiegelman [R]	Sen. David Wilson [R]	Rep. Lyndon Yearick [R]

2018-06-19 - Senate - Senate Third Reading (Y: 20 N: 0 NV: 0 Abs: 1) [PASS]
2018-05-08 - House - House Third Reading (Y: 39 N: 0 NV: 0 Abs: 2) [PASS]

Date	Chamber	Action
2018-08-28		Signed by Governor
2018-06-19		Passed By Senate. Votes: 20 YES 1 ABSENT
2018-06-06		Reported Out of Committee (Banking, Business & Insurance) in Senate with 1 Favorable, 2 On Its Merits
2018-05-10		Assigned to Banking, Business & Insurance Committee in Senate
2018-05-08		Passed By House. Votes: 39 YES 2 ABSENT
2018-05-08		Amendment HA 1 to HB 380 - Passed In House by Voice Vote
2018-05-08		Amendment HA 1 to HB 380 - Introduced and Placed With Bill
2018-05-02		Reported Out of Committee (Economic Development/Banking/Insurance/Commerce) in House with 3 Favorable, 8 On Its Merits
2018-04-17		Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House

Type	Source
Summary	http://legis.delaware.gov/BillDetail?LegislationId=26491
Text	http://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=26491&legislationTypeId=1&docTypeId=2&legislationName=HB380
Text	http://legis.delaware.gov/json/BillDetail/GenerateHtmlDocumentEngrossment?engrossmentId=13030&docTypeId=6
Roll Call	http://legis.delaware.gov/json/RollCall/GetRollCallVoteByRollCallId#29653
Roll Call	http://legis.delaware.gov/json/RollCall/GetRollCallVoteByRollCallId#29893