Source: https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=26206&legislationTypeId=1&docTypeId=2&legislationName=HB279
Timestamp: 2019-10-18 21:09:30
Document Index: 625248078

Matched Legal Cases: ['§ 5401', '§ 1601', '§ 8102', '§ 5401', '§ 1601', '§ 8102']

Rep. Schwartzkopf & Rep. Longhurst & Rep. Viola & Rep. D. Short & Rep. Hudson & Sen. McBride & Sen. Henry & Sen. Poore & Sen. Simpson & Sen. Lavelle
(a) Every person who makes, executes, delivers, accepts or presents for recording any document, except as defined or described in § 5401(4) of this title, or in whose behalf any document is made, executed, delivered, accepted or presented for recording shall be subject to pay for and in respect to the transaction, or any part thereof, a realty transfer tax at the rate of 2 3 percent of the value of the property represented by such document, unless the municipality or county where the property is located has enacted the full 1 1/2 percent realty transfer tax authorized by § 1601 of Title 22 or § 8102 of Title 9, in which case 1 2 1/2 percent, which tax shall be payable at the time of making, execution, delivery, acceptance or presenting of such document for recording. Said tax is to be apportioned equally between grantor and grantee.
(d) Every person who makes, executes, delivers, accepts or presents for recording any document defined or described in § 5401(4) of this title, or in whose behalf any such document is made, executed, delivered, accepted or presented for recording shall be subject to pay for and in respect to the transaction, or in any part thereof, a realty transfer tax at the rate of 2 3 percent of the value of the property represented by such document, unless the municipality or county where the property is located has enacted the full 1 1/2 percent realty transfer tax authorized by § 1601 of Title 22 or § 8102 of Title 9, in which case 1 2 1/2 percent, which tax shall be payable as follows:
This Act increases by 1% the rate of realty transfer tax to be received by the State.