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DE HB312

Bill

Official Source

Status

Introduced

3/3/2022

Primary Sponsor

Kevin Hensley

Click for details

Origin

House of Representatives

151st General Assembly

AI Summary

  • Creates a personal income tax credit for Delaware resident individuals of up to $500 per year for interest paid on student loans.

  • Defines qualifying student loans as those made, insured, or guaranteed by governmental units; nonprofit institutions; educational benefits or scholarships with repayment obligations; or qualified education loans under Internal Revenue Code Section 221(d)(1).

  • Allows the credit against state income tax otherwise due under Delaware tax law.

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

3/3/2022

Committee Referrals

Revenue & Finance3/3/2022

Full Bill Text

No bill text available