AN ACT TO AMEND TITLE 14 OF THE DELAWARE CODE RELATING TO THE SENIOR PROPERTY TAX CREDIT.

HB 72 changes Delaware's senior property tax credit eligibility by reducing the required residency period from 10 years to 3 years for seniors aged 65+ who own their homes as principal residences. Currently, seniors who established residency after 2017 need 10 years of Delaware residency to qualify (through 2025), but this bill would immediately revert to the pre-2017 standard of 3 consecutive years of residency. The change applies to all future claims, making the credit accessible to more seniors who have lived in Delaware for a shorter time. This directly affects Delaware seniors seeking to reduce property tax bills on their primary homes.