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HB 283

AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO THE REALTY TRANSFER TAX.

153rd General Assembly (2025-2026) Introduced by Kerri Harris and 8 co-sponsors

HB 283 amends Delaware's realty transfer tax code, potentially affecting property transaction costs and state revenues, but specific provisions require committee review for detailed analysis.

Reported Out of Committee (Elections & Government Affairs) in Senate with 4 On Its Merits
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Bill Summary · HB 283

Legislative bill overview

HB 283 proposes amendments to Delaware's realty transfer tax statutes under Title 30 of the Delaware Code. The bill was recently introduced and referred to the House Revenue & Finance Committee but specific amendments are not yet publicly detailed in available summaries.

Why is this important

Realty transfer taxes directly affect real estate transactions, influencing property sales costs, housing affordability, and state revenue. Changes to these tax provisions can have cascading effects on the housing market, local government funding, and economic competitiveness relative to neighboring states.

Potential points of contention

  • Revenue impact: Any changes to transfer tax rates or exemptions will shift the tax burden and affect state revenues that may fund schools, infrastructure, or services
  • Housing affordability: Modifications could either increase transaction costs for homebuyers (if taxes rise) or reduce government revenues (if taxes are lowered)
  • Stakeholder disagreement: Real estate industry groups, local governments reliant on transfer tax revenue, and housing advocates typically have competing interests in tax policy

Compiled from official sources — confirm details with the bill’s official record.

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