Delaware Senate Bill 125 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on August 12 2019 - 100% progression
Action: 2019-08-12 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]

Currently, non-resident pass-through entities, trusts, and estates are required to pay estimated income taxes anticipated to be due as a result of real estate transactions before each deed is recorded. The payment of estimated income taxes before each deed is recorded has become a burden on entities that transfer multiple parcels and on the Division of Revenue. In order to maximize time and improve personnel efficiencies within the Division of Revenue, this Act provides the Director with the ability to exempt nonresident pass-through entities involved in the sale or exchange of Delaware real estate from the requirement of remitting estimated income taxes due with each deed to the Recorder before the deed is recorded. This act only allows the Director to grant exemptions as to the timing of the payment of estimated income taxes; it does not allow the Director to grant exemptions from paying income taxes.

An Act To Amend Title 30 Of The Delaware Code Relating To Pass-through Entities, Estates, And Trusts.

Sen. Stephanie Hansen [D]	Rep. Quinton Johnson [D]	Sen. David Sokola [D]	Sen. Brian Pettyjohn [R]
Sen. David Wilson [R]	Rep. Paul Baumbach [D]	Rep. Gerald Brady [D]	Rep. Kevin Hensley [R]
Rep. Sean Matthews [D]	Rep. Jeffrey Spiegelman [R]

2019-06-30 - House - House Third Reading (Y: 41 N: 0 NV: 0 Abs: 0) [PASS]
2019-06-13 - Senate - Senate Third Reading (Y: 20 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2019-08-12		Signed by Governor
2019-06-30		Passed By House. Votes: 41 YES
2019-06-19		Reported Out of Committee (Revenue & Finance) in House with 7 On Its Merits
2019-06-14		Assigned to Revenue & Finance Committee in House
2019-06-13		Passed By Senate. Votes: 20 YES 1 ABSENT
2019-06-12		Reported Out of Committee (Finance) in Senate with 5 On Its Merits
2019-05-31		Introduced and Assigned to Finance Committee in Senate

Type	Source
Summary	https://legis.delaware.gov/BillDetail?LegislationId=47552
Text	https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=47552&legislationTypeId=1&docTypeId=2&legislationName=SB125
Roll Call	https://legis.delaware.gov/json/RollCall/GetRollCallVoteByRollCallId#40896
Roll Call	https://legis.delaware.gov/json/RollCall/GetRollCallVoteByRollCallId#41256