DE HB445

Reduces gross receipts tax rates by 50% across multiple business categories effective January 1, 2023.

Lowers license fees for occupations and professions from 0.3983% to 0.1992% of aggregate gross receipts.

Reduces contractor license fees from 0.6472% to 0.3236% and manufacturer fees from 0.126% to 0.063% of aggregate gross receipts.

Cuts retailer license fees from 0.7468% to 0.3734% and restaurant retailer fees from 0.6472% to 0.3236% of aggregate gross receipts.

Applies 50% rate reductions across wholesalers, food processors, commercial feed dealers, farm machinery retailers, and grocery supermarket retailers to distribute tax relief broadly.