Delaware · Senate Bill 87 · 152nd General Assembly

Realty Transfer Tax/Exemptions/Revisions

SB 87 Sponsored by Russell Huxtable Withdrawn

  1. Introduced Apr 19, 2023
  2. In committee Apr 19, 2023
  3. Withdrawn  
  4. Passed the House  
  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 makes the following changes to the realty transfer tax: (1) Clarifies that the exemption from the realty transfer tax for conveyances to or from an organization exempt from tax under § 501(c)(3) of the federal Internal Revenue Code when the purpose of the conveyance is to provide owner-occupied housing to low and moderate income households applies to rehabilitating residential properties and reselling the…

Read the full title (292 words)

This Act makes the following changes to the realty transfer tax: (1) Clarifies that the exemption from the realty transfer tax for conveyances to or from an organization exempt from tax under § 501(c)(3) of the federal Internal Revenue Code when the purpose of the conveyance is to provide owner-occupied housing to low and moderate income households applies to rehabilitating residential properties and reselling the properties without profit and to constructing residences on properties and reselling the properties without profit. (2) Exempts any portion of a conveyance in which it is the grantee’s intent to construct affordable housing units and the conveyances are financed using funding provided by the federal government, this State, or a county or municipality of this State for the purpose of constructing affordable housing units, defined as a residential dwelling for a household whose income does not exceed 80% of the median income for the area as defined by the United States Department of Housing and Urban Development. (3) Exempts any portion of a conveyance financed through the federal Low Income Housing Tax Credit program. (4) Clarifies that individuals are first-time homebuyers if they intend to occupy the property being conveyed as their principal residence after the construction of a residence on the property to include circumstances where the residence cannot be built within 90 days after the property is purchased. This Act corrects the first-time homebuyer definition related to individuals purchasing as joint tenants or cotenants to replace “none” with “neither” to conform the number of joint tenants or cotenants indicated by the indefinite pronoun to the number indicated by the use of “both” later in the sentence. This Act also makes technical corrections to conform existing law to the standards of the Delaware Legislative Drafting Manual.

Every action

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

  1. CommitteeIntroduced and Assigned to Executive Committee in Senate · Senate Executive
  2. CommitteeReported Out of Committee (Executive) in Senate with 3 Favorable, 4 On Its Merits · Senate Executive
  3. CommitteeAssigned to Finance Committee in Senate · Senate Finance
  4. SenateSubstituted in Senate by SS 1 for SB 87
  5. SenateSS 1 for SB 87 - Passed By Senate. Votes: 20 YES 1 ABSENT
  6. HouseSS 1 for SB 87 - Assigned to Revenue & Finance Committee in House
  7. HouseSS 1 for SB 87 - Reported Out of Committee (Revenue & Finance) in House with 4 Favorable, 5 On Its Merits
  8. SenateSubstituted in Senate by SS 1 for SB 87
  9. HouseSS 1 for SB 87 - - Stricken in House
  10. HouseSS 1 for SB 87 - Passed By House. Votes: 25 YES 16 ABSENT
  11. SS 1 for SB 87 - Signed by Governor

Roll calls

No recorded votes on this bill yet.

Sponsors

The member who introduced it, joined by 5 cosponsors: 4 Democrats, 1 Republican.

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.