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DE HB248

Bill

Official Source

Status

Introduced

6/25/2019

Primary Sponsor

Kevin Hensley

Click for details

Origin

House of Representatives

150th General Assembly

AI Summary

  • Creates a tax credit for Delaware resident individuals paying interest on student loans, with a maximum credit of $500 per individual per year
  • Defines student loans to include loans made, insured, or guaranteed by government units or nonprofit institutions
  • Includes obligations to repay educational benefits, scholarships, or stipends as qualifying student loans
  • Covers qualified education loans as defined in Section 221(d)(1) of the Internal Revenue Code of 1986

Legislative Description

An Act To Amend Title 30 Of The Delaware Code Relating To Personal Income Tax And Student Loan Interest Paid.

Last Action

Introduced and Assigned to Revenue & Finance Committee in House

6/25/2019

Committee Referrals

Revenue & Finance6/25/2019

Full Bill Text

No bill text available