Loading chat...

DE HB49

Bill

Official Source

Status

Introduced

1/24/2019

Primary Sponsor

Paul Baumbach

Click for details

Origin

House of Representatives

150th General Assembly

AI Summary

  • Establishes a two-tier earned income tax credit system: 20% of the federal earned income credit for tax years prior to 2020, and 5.9% for tax year 2020 and thereafter.
  • Changes the credit from nonrefundable to refundable beginning in tax year 2020, allowing it to exceed tax otherwise due under the chapter.
  • Maintains the nonrefundable status of the credit for pre-2020 tax years, capping it at the amount of tax otherwise due.
  • Applies to Delaware residents who claim the corresponding federal earned income credit under Internal Revenue Code Section 32.

Legislative Description

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

Last Action

Stricken in House

6/30/2019

Committee Referrals

Revenue & Finance1/24/2019

Full Bill Text

No bill text available