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DE HB97

Bill

Official Source

Status

Introduced

4/7/2009

Primary Sponsor

Edward Bennett

Click for details

Origin

House of Representatives

145th General Assembly

AI Summary

  • Adds a new paragraph (10) to Delaware Code § 1106(b) providing a tax exclusion for persons age 60 or older receiving United States pensions, including military retirement income
  • Excludes pension amounts exceeding $12,500 but not exceeding $37,500 from state income tax for taxable years beginning January 1, 2011 or later
  • Reduces the excludable pension amount by any Social Security benefits paid by the United States in the taxable year that are included in federal adjusted gross income
  • Intended to equalize tax treatment of federal retirees not covered or partially covered by Social Security with those receiving Social Security benefits, which are already tax-exempt

Legislative Description

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

Last Action

Assigned to Appropriations Committee in House

5/11/2010

Committee Referrals

Appropriations5/11/2010
Revenue & Finance4/7/2009

Full Bill Text

No bill text available