Delaware HB283 amends the realty transfer tax definitions to exclude certain types of conveyances.
Delaware HB283 amends Title 30 of the Delaware Code by modifying the definitions related to the realty transfer tax. The bill excludes from the definition of "document" various types of conveyances, including those involving wills, leases, mortgages, and certain nonprofit and governmental transfers. It also specifies exemptions for conveyances between family members, nonprofit organizations, and entities involved in affordable housing projects. The changes aim to clarify which transactions are subject to the realty transfer tax and which are exempt.
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