Delaware 153rd General Assembly Status: To Executive 1 D cosponsors

SB 350 — Taxable Real Property/Framework/Split Rate

Last action — Executive

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been sent to the executive. Introduced June 19, 2026. It awaits signature.

Next likely step: the executive signs it into law or issues a veto.

Prognosis

Advancing 44% · moderate confidence

Where this bill stands today.

Odds of enactment

Moderate

How often bills like it became law.

  • To Executive

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 D).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

This Act creates a statewide system for classifying taxable real property and allows split-rate taxation.

The Act establishes four classes of taxable real property in Delaware and allows counties and school districts to implement split-rate taxes. It caps tax rates on multifamily residential properties to protect renters and affordable housing from excessive tax burdens.

What this means for you
  • Workers: Workers may find more stable housing costs due to protections against high tax increases on multifamily properties.
  • Families: This means families may benefit from lower tax rates on multifamily homes, helping to maintain affordable housing options.
  • Small Business: {}

Summary

This Act establishes a uniform statewide framework for classifying taxable real property and explicitly grants split-rate tax authority to counties, school districts, and vocational-technical school districts. The Act defines four baseline, statewide property classes based on use: Class A (one-to-four-family residential property); Class B (multifamily residential property, including affordable and income-restricted housing); Class C (non-residential commercial, industrial, utility, and institutional property); and Class D (mixed-use property, which must have its assessed value allocated proportionally among the other classes based on floor area or another objective measure). The Act explicitly declares that Class A and Class B properties together comprise Delaware’s residential housing sector and protects multifamily housing from being treated as commercial or industrial property for tax purposes. To protect renters and affordable housing developments from disproportionate tax burdens following property reassessments, this Act implements statutory tax caps on multifamily properties. Any county tax rate imposed on Class B multifamily residential real property may not exceed the rate imposed on Class A one-to-four-family residential real property in the same fiscal year. Furthermore, local school and vocational-technical district tax rates imposed on Class B multifamily residential real property are strictly capped at 120% of the rate applied to Class A residential property within the same jurisdiction and tax year. The Act requires that if a county, school district, or vocational-technical school district resets its tax rates to implement these classifications, the restructuring must be completely revenue-neutral, meaning total projected revenue cannot exceed the amount originally projected under the applicable tax warrant. Finally, the Act clarifies that jurisdictions are not required to adopt multiple tax rates and may choose to maintain a single uniform rate across all property types, while preserving all existing statutory post-reassessment revenue limits, such as the 15% county cap and 10% school district limits.

Bill Text

We don't have the full text on file for this bill yet.

Read SB 350 on the official Delaware source →

Action History

  1. Executive

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 61 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (61)

61 members have not signed on to this bill.

Show all 61 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 350 do?
This Act establishes a uniform statewide framework for classifying taxable real property and explicitly grants split-rate tax authority to counties, school districts, and vocational-technical school districts. The Act defines four baseline, statewide property classes based on use: Class A (one-to-four-family residential property); Class B (multifamily residential property, including affordable and income-restricted housing); Class C (non-residential commercial, industrial, utility, and institutional property); and Class D (mixed-use property, which must have its assessed value allocated proportionally among the other classes based on floor area or another objective measure). The Act explicitly declares that Class A and Class B properties together comprise Delaware’s residential housing sector and protects multifamily housing from being treated as commercial or industrial property for tax purposes. To protect renters and affordable housing developments from disproportionate tax burdens following property reassessments, this Act implements statutory tax caps on multifamily properties. Any county tax rate imposed on Class B multifamily residential real property may not exceed the rate imposed on Class A one-to-four-family residential real property in the same fiscal year. Furthermore, local school and vocational-technical district tax rates imposed on Class B multifamily residential real property are strictly capped at 120% of the rate applied to Class A residential property within the same jurisdiction and tax year. The Act requires that if a county, school district, or vocational-technical school district resets its tax rates to implement these classifications, the restructuring must be completely revenue-neutral, meaning total projected revenue cannot exceed the amount originally projected under the applicable tax warrant. Finally, the Act clarifies that jurisdictions are not required to adopt multiple tax rates and may choose to maintain a single uniform rate across all property types, while preserving all existing statutory post-reassessment revenue limits, such as the 15% county cap and 10% school district limits.
Who sponsors SB 350?
SB 350 is sponsored by David P. Sokola (Democratic).
What is the current status of SB 350?
This bill has been sent to the executive. Introduced June 19, 2026. It awaits signature.
Where can I track SB 350?
Track SB 350 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 350

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 350

Last checked for changes 4 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →