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DE HB108

Bill

Official Source

Status

Introduced

3/29/2017

Primary Sponsor

John Kowalko

Click for details

Origin

House of Representatives

149th General Assembly

AI Summary

  • Limits the existing tax bracket structure to taxable years beginning after December 31, 2013 and before January 1, 2017
  • Establishes new tax brackets effective for taxable years beginning after December 31, 2016 with rates reduced by approximately 0.05% across existing brackets
  • Creates two new tax brackets: 7.05% on taxable income in excess of $125,000 but not exceeding $250,000, and 7.80% on taxable income exceeding $250,000
  • Maintains lower tax brackets for income between $2,000 and $60,000 with minor rate reductions from previous structure

Legislative Description

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

Last Action

Stricken in House

4/4/2017

Committee Referrals

Revenue & Finance3/29/2017

Full Bill Text

No bill text available