Delaware House Bill 149

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Spectrum: Partisan Bill (Republican 10-0)
Status: Introduced on March 12 2024 - 25% progression
Action: 2024-03-20 - Not Enough Signatures to Release
Text: Latest bill text (Draft #2) [HTML]

This Act requires personal income tax brackets to be annually adjusted for cost-of-living increases. This will prevent tax rate increases resulting from cost-of-living pay increases that push lower income taxpayers into higher tax brackets. This is referred to as "bracket creep". Cost-of-living pay increases are intended to offset inflation and not create a greater tax burden on lower income taxpayers. Social justice requires that lower income taxpayers should not face both inflation and higher tax rates at the same time. This Act will be effective for tax years beginning after December 31, 2024.

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

Rep. Richard Collins [R]	Sen. Gerald Hocker [R]	Sen. Bryant Richardson [R]	Sen. David Lawson [R]
Sen. David Wilson [R]	Rep. Jeff Hilovsky [R]	Rep. Michael Ramone [R]	Rep. Bryan Shupe [R]
Rep. Michael Smith [R]	Rep. Lyndon Yearick [R]

Date	Chamber	Action
2024-03-20		Not Enough Signatures to Release
2024-03-12		Adopted in lieu of the original bill HB 149, and Assigned to Revenue & Finance Committee in House

Type	Source
Summary	https://legis.delaware.gov/BillDetail?LegislationId=141013
Text	https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=130364&legislationTypeId=1&docTypeId=2&legislationName=HB149
Text	https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=141013&legislationTypeId=6&docTypeId=2&legislationName=HS1forHB149