DE HB113

Delaware's state earned income tax credit decreases from 20% to 5.9% of the federal earned income tax credit beginning in tax year 2019

The prior 20% credit (for tax years before 2019) remains nonrefundable, meaning it cannot exceed the tax owed

The new 5.9% credit (for 2019 and thereafter) becomes refundable, allowing taxpayers to receive payment even if the credit exceeds their tax liability

Amends § 1117 of Title 30 of the Delaware Code

Requires three-fifths approval from both chambers of the General Assembly for passage