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DE HB128

Bill

Official Source

Status

Introduced

4/22/2009

Primary Sponsor

James Johnson

Click for details

Origin

House of Representatives

145th General Assembly

AI Summary

  • Repeals Chapter 77, Volume 77 of the Laws of Delaware in its entirety.

  • Reduces the personal income tax rate on taxable income exceeding $60,000 from 6.95% to 6.75% for taxable years beginning after December 31, 2011 and before January 1, 2014.

  • Maintains a 2014 sunset provision that returns the top marginal income tax rate to 5.95% for taxable years beginning after December 31, 2013.

  • Preserves the existing tax bracket structure for income below $60,000 across all affected tax years.

  • Becomes effective upon enactment.

Legislative Description

An Act To Amend Title 29 Of The Delaware Code Relating To The State Employees Pension Plan.

Last Action

Reported Out of Committee (APPROPRIATIONS) in House with 4 On Its Merits

6/2/2010

Committee Referrals

Appropriations4/29/2009
Public Safety & Homeland Security4/22/2009

Full Bill Text

No bill text available