AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO THE REALTY TRANSFER TAX.

This bill modifies Delaware's real estate tax laws to exempt the 2% realty transfer tax on contracts for building affordable housing units. The exemption specifically applies when the construction is funded by the federal government, the state, or local counties and municipalities. By removing this tax fee, the legislation aims to lower costs for developers working on government-financed affordable housing projects. The law defines "affordable housing units" using the existing legal definition found in Title 30 of the Delaware Code.