DE HB16 | 2021-2022 | 151st General Assembly
Status
Spectrum: Slight Partisan Bill (Democrat 19-8)
Status: Introduced on December 4 2020 - 25% progression
Action: 2021-01-26 - Reported Out of Committee (Revenue & Finance) in House with 11 Favorable, 2 On Its Merits
Text: Latest bill text (Draft #1) [HTML]
Status: Introduced on December 4 2020 - 25% progression
Action: 2021-01-26 - Reported Out of Committee (Revenue & Finance) in House with 11 Favorable, 2 On Its Merits
Text: Latest bill text (Draft #1) [HTML]
Summary
Section 1 of this Act modifies Delawares Earned Income Tax Credit (EITC) to allow recipients to choose the most beneficial credit to be applied against their Delaware Personal Income Taxes. Under this Act, recipients can choose between a non-refundable credit of up to 20% of the value of the corresponding federal EITC or a refundable EITC credit of up to 4.5% of the value of the corresponding federal EITC.
Title
An Act To Amend Title 30 Of The Delaware Code Relating To Taxes On Personal Income.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2021-01-26 | Reported Out of Committee (Revenue & Finance) in House with 11 Favorable, 2 On Its Merits | |
| 2020-12-04 | Introduced and Assigned to Revenue & Finance Committee in House |
