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DE HB181

Bill

Official Source

Status

Introduced

6/16/2015

Primary Sponsor

John Kowalko

Click for details

Origin

House of Representatives

148th General Assembly

AI Summary

  • Creates a new tax bracket of 7.10% on taxable income between $125,000 and $250,000 for tax years beginning after December 31, 2015
  • Establishes an additional tax bracket of 7.85% on taxable income exceeding $250,000
  • Applies to Delaware personal income tax under Title 30, Section 1102(a)
  • Modifies the existing tax rate structure by adding two new higher income brackets above the previous top rate

Legislative Description

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

Last Action

Reported Out of Committee (REVENUE & FINANCE) in House with 8 On Its Merits

6/17/2015

Committee Referrals

Revenue & Finance6/16/2015

Full Bill Text

No bill text available