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DE HB316

Bill

Official Source

Status

Introduced

3/12/2020

Primary Sponsor

Lyndon Yearick

Click for details

Origin

House of Representatives

150th General Assembly

AI Summary

  • Creates a $250 refundable personal income tax credit for individual Delaware residents earning $18,000 to $30,000 per year in W-2 wages and compensation.

  • Provides a $500 refundable credit for married couples filing jointly in Delaware with combined W-2 income between $36,000 and $60,000 per year.

  • Allows married couples filing jointly federally but separately in Delaware to each claim a $250 credit if each spouse individually earns $18,000 to $30,000 in W-2 wages.

  • Takes effect when the Division of Revenue implements the personal income tax component of the Integrated Revenue Administration System and the Secretary of Finance notifies the Registrar of Regulations of this completion.

Legislative Description

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

Last Action

Introduced and Assigned to Revenue & Finance Committee in House

3/12/2020

Committee Referrals

Revenue & Finance3/12/2020

Full Bill Text

No bill text available