Three bills that would raise real estate tax credits are on the docket for the Delaware House of Representatives Education Committee. With the state now projected to have a surplus of nearly $1 billion – the third year in a row for such extraordinary income – a Democrat and a Republic representative are moving to give older residents a bigger …
Committee votes to raise senior property tax credit
The committee responsible for drafting the state’s budget has voted to restore the senior property tax credit to its pre-2017 level. The credit was cut from $500 to $400 per year in 2017 in an effort to close a budget shortfall that year. Currently, the program allows homeowners ages 65 and over to claim a tax credit against regular school …