Plain English Breakdown
The bill's status as 'Laid On Table in Senate' means further action is pending and uncertain.
Amending Rent Tax Rules for New Castle
This act allows the city council of New Castle to collect a tax on gross rents within the city limits but exempts properties subsidized by federal, state, or city rental assistance funding.
What This Bill Does
- Allows the City Council of New Castle to impose and collect a tax of no more than 5% on gross rents within city boundaries.
- Exempts rental properties that receive direct subsidies from federal, state, or City of New Castle rental assistance programs.
Who It Names or Affects
- Renters and landlords within New Castle city limits
- The City Council of New Castle
Terms To Know
- Charter
- A set of rules that govern how a city operates.
- Gross rents
- Total rent collected before any deductions or expenses are taken out.
Limits and Unknowns
- The bill does not specify the purpose for which the tax money will be used.
- It is unclear if and when this bill will become a law after being laid on table in the Senate.