DE HB191

Reduces all personal income tax brackets by 10% for taxable years beginning after December 31, 2020, with rates ranging from 1.98% to 5.94% across income levels.

Lowers corporate income tax rate from 8.7% to 6.1% on taxable income for domestic and foreign corporations.

Cuts gross receipts tax rates by 50% across multiple business categories including contractors, manufacturers, wholesalers, retailers, restaurants, and grocery stores.

Funded by Delaware's $425 million budget surplus and does not utilize any Federal American Rescue Plan funds designated for the state.

Aims to stimulate economic growth and job creation by returning a portion of surplus state tax revenues to taxpayers.