Delaware · House Bill 343 · 152nd General Assembly

Realty Transfer Tax/Reduce State Rate

HB 343 Sponsored by Lyndon D. Yearick Died in committee

  1. Introduced Mar 12, 2024
  2. In committee Mar 12, 2024
  3. Died  
  4. Passed the Senate  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

This Act reduces the State's rate of realty transfer tax by .25% per year for 4 years, for residential property conveyances having a property value less than $500,000, and for commercial property convenances having a property value less than $1,000,000, starting January 1, 2025. After January 1, 2028, the State's realty transfer tax rate will be the same rate as it was prior to August 1, 2017 for these conveyances.

Every action

4 steps, oldest first, as the legislature records them.

  1. CommitteeIntroduced and Assigned to Revenue & Finance Committee in House · House Revenue & Finance
  2. HouseNot Worked in Committee
  3. HouseAmendment HA 1 to HB 343 - Introduced and Placed With Bill
  4. HouseMotion to Release Failed

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 5 cosponsors: 4 Republicans, 1 Democrat.

All 5 cosponsors

From Delaware's official records (legis.delaware.gov), checked Nov 1, 2026. Text links go to the official versions; LegiList does not copy bill text.