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DE HB393

Bill

Official Source

Status

Introduced

4/28/2022

Primary Sponsor

Richard Collins

Click for details

Origin

House of Representatives

151st General Assembly

AI Summary

  • Establishes a $280 non-refundable tax credit for Delaware resident individuals with Delaware taxable income not exceeding $35,000 per year
  • Credit applies to the 2022 tax year (effective for tax years beginning after December 31, 2021)
  • Credit sunsets on December 31, 2022
  • Intended to encourage labor force participation and provide tax relief to lower-income employed individuals, similar to House Bill 285's unemployment benefit exemption

Legislative Description

An Act To Amend Title 30 Of The Delaware Code Establishing A $280 Tax Credit For Delaware Residents With Delaware Taxable Income That Does Not Exceed $35,000 For The 2022 Tax Year.

Last Action

Amendment HA 1 to HB 393 - Introduced and Placed With Bill

6/15/2022

Committee Referrals

Revenue & Finance4/28/2022

Full Bill Text

No bill text available