Bill to lower Delaware’s realty transfer tax overcomes the first hurdle in legislative process

The bill to decrease Delaware’s realty transfer tax by 1%, HB 358, was released from the House Administration Committee on Wednesday, June 22, 2022.  The bill is now assigned to the House Appropriations Committee. This is a very positive first step, which involves additional measures as part of the state legislative review process before coming up for a full vote in the Senate. It is promising that the bill has progressed to this point, and we are hopeful that it will eventually receive full approval and passage.

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