DE HB109 | 2017-2018 | 149th General Assembly
Status
Spectrum: Partisan Bill (Democrat 10-0)
Status: Introduced on March 30 2017 - 25% progression, died in chamber
Action: 2017-06-28 - Amendment HA 1 to HB 109 - Introduced and Placed With Bill
Text: Latest bill text (Draft #1) [HTML]
Status: Introduced on March 30 2017 - 25% progression, died in chamber
Action: 2017-06-28 - Amendment HA 1 to HB 109 - Introduced and Placed With Bill
Text: Latest bill text (Draft #1) [HTML]
Summary
This bill lowers the current tax rate by .05% for each bracket. The bill creates a new tax bracket at $125,000 with a rate of 7.05% and an additional bracket at $250,000 with a rate of 7.80%. The bill also provides a tiered reduction of the otherwise available itemized deduction based upon the individual's taxable income.
Title
An Act To Amend Title 30 Of The Delaware Code Relating To Personal Income Tax.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2017-06-28 | Amendment HA 1 to HB 109 - Introduced and Placed With Bill | |
| 2017-04-05 | Reported Out of Committee (Revenue & Finance) in House with 8 On Its Merits | |
| 2017-03-30 | Introduced and Assigned to Revenue & Finance Committee in House |
