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DE HB418
Bill
Status
6/9/2016
Primary Sponsor
Michael Mulrooney
Click for details
AI Summary
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Increases the special assessment rate on taxable wages for employers liable under Chapter 33 of Title 19 to fund the Delaware Workforce Development Board's training services for dislocated workers.
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Raises the assessment rate from .085% to .10% when the taxable wage base is $18,500, from .095% to .1075% when the base is $16,500, from .11% to .12% when the base is $14,500, and from .126% to .133% when the base is $12,500.
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Maintains the assessment rate at .15% when the taxable wage base is $10,500 with no change.
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The increased assessment rates are designed to restore approximately $900,000 in annual operating revenue lost by the Delaware Workforce Development Board due to previous tax reductions.
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Takes effect on January 1 of the year following enactment.
Legislative Description
An Act To Amend Title 19 Of The Delaware Code Relating To The Special Assessment For Dislocated Workers.
Last Action
Reported Out of Committee (LABOR) in House with 2 Favorable, 8 On Its Merits
6/15/2016