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DE HB64

Bill

Official Source

Status

Introduced

1/13/2021

Primary Sponsor

John Kowalko

Click for details

Origin

House of Representatives

151st General Assembly

AI Summary

  • Creates new income tax brackets effective for taxable years beginning after December 31, 2020
  • Adds 7.10% tax rate on taxable income in excess of $125,000 but not exceeding $250,000
  • Adds 7.85% tax rate on taxable income in excess of $250,000 but not exceeding $500,000
  • Adds 8.6% tax rate on taxable income in excess of $500,000
  • Maintains existing tax rates (2.2% to 6.6%) for income below $125,000

Legislative Description

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

Last Action

Stricken in House

5/20/2021

Committee Referrals

Revenue & Finance1/13/2021

Full Bill Text

No bill text available