Loading chat...

DE HB264

Bill

Official Source

Status

Enrolled

6/30/2009

Primary Sponsor

Valerie Longhurst

Click for details

Origin

House of Representatives

145th General Assembly

AI Summary

  • Creates new personal income tax bracket structure effective for taxable years beginning after December 31, 2009
  • Establishes tax rates ranging from 2.2% on income $2,000-$5,000 to 7.45% on income exceeding $150,000
  • Increases top tax rates: 6.95% on income $60,000-$150,000 (previously 5.95%) and 7.45% on income over $150,000 (previously 5.95%)
  • Limits previous tax brackets to apply only for taxable years between January 1, 2000 and December 31, 2009
  • Requires three-fifths majority approval from both houses of the General Assembly

Legislative Description

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

Last Action

HS 1 for HB 264 - Passed by Senate. Votes: Passed 14 YES 6 NO 0 NOT VOTING 0 ABSENT 1 VACANT

6/30/2009

Committee Referrals

Revenue & Finance6/22/2009

Full Bill Text

No bill text available