Delaware SB127 amends the City of New Castle charter to allow a tax on gross rents, excluding those subsidized by federal, state, or city funding.
Delaware SB127 amends Section 11 of the City of New Castle charter to permit the imposition of a tax on gross rents within the city, up to a maximum of five percent. This tax does not apply to rental properties that receive direct subsidies from federal, state, or city rental assistance programs. The bill modifies the municipal power to include this tax provision, ensuring that only non-subsidized rental income is subject to taxation.
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- Core Provisions
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- Impact
- Legal Framework
- Critical Issues
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