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DE HB242

Bill

Official Source

Status

Introduced

6/17/2009

Primary Sponsor

John Kowalko

Click for details

Origin

House of Representatives

145th General Assembly

AI Summary

  • Amends Delaware personal income tax rates effective for taxable years beginning after December 31, 2009
  • Establishes tiered tax structure: 5.65% on income between $25,000 and $60,000; 6.95% on income between $60,000 and $100,000; 7.45% on income exceeding $100,000
  • Projected to generate approximately $75.4 million in additional annual state revenue
  • Requires three-fifths majority vote in both houses of the General Assembly for passage

Legislative Description

An Act To Amend Title 30 Of The Delaware Code Relating To Personal Income Tax.

Last Action

Stricken

6/24/2009

Committee Referrals

Revenue & Finance6/17/2009

Full Bill Text

No bill text available