DE HB315

Creates a new refundable personal income tax credit for low-income Delaware residents to offset motor vehicle document fees paid when purchasing a new or used vehicle

Individual filers with W-2 income between $18,000 and $30,000 annually qualify for the credit on one vehicle purchase per tax year

Joint filers with combined W-2 income between $36,000 and $60,000 qualify for the credit on up to two vehicle purchases per tax year

Married couples filing separately in Delaware may each claim the credit on one vehicle, provided both spouses individually earn between $18,000 and $30,000 and the same vehicle's fees are not claimed twice

Takes effect once the Division of Revenue implements the personal income tax release of the Integrated Revenue Administration System and the Secretary of Finance notifies the Registrar of Regulations