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HBADE End of Session Recap

HBADE members: Please click here for our recap from the just concluded legislative session. While we had some big wins (including defeating the State attempt to eliminate allowing taxpayers to itemize all deductions), the increased transfer tax is a loss to affordable homeownership and our industry (this is House Bill 279). As we previously said, this was put together at the last minute on July 1st and really was a blindside to us.  The new tax in the bill does not take effect until August 1, 2017, so contracts entered into before that date are not impacted (this is a generalization, you should read the bill, lines 30-32 for the exact language).

Please click here for a link to the bill on the State website.  Besides seeing the text of the bill, you can also view the roll call results of which legislators voted to support this bill.


About HBA of Delaware

HBA/DE has been an integral part of the growth and economic development of the State of Delaware since 1947. HBA/DE was founded as a non-profit state affiliate of the National Association of Home Builders (NAHB) representing home builders and other businesses directly related to Delaware's Home Building Industry. Consisting of Builders, Remodelers and a group of diversified associate members, the Home Builders Association of Delaware strives to protect and preserve housing as a symbol of America.


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