DE HB240 | 2017-2018 | 149th General Assembly
Status
Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on June 15 2017 - 25% progression, died in chamber
Action: 2017-07-01 - Defeated By House. Votes: 24 YES 17 NO
Text: Latest bill text (Draft #1) [HTML]
Status: Introduced on June 15 2017 - 25% progression, died in chamber
Action: 2017-07-01 - Defeated By House. Votes: 24 YES 17 NO
Text: Latest bill text (Draft #1) [HTML]
Summary
Sections 1 and 7 of this Act update from $400 to $800 the threshold which triggers the penalty for insufficient payment of estimated tax. The current threshold has been in place since 2000. Because it has not been modified in almost 20-years, the penalties generated as a result of this low threshold are often trivial amounts, which frustrate taxpayers. However, despite the penalties low dollar amounts, they still require significant resources to administer and resolve. Sections 1and 7 also provide for an inflation adjustment for the threshold ensuring that it will automatically keep pace with future economic trends.
Title
An Act To Amend Title 30 Of The Delaware Code Relating To Taxes On Personal Income.
Sponsors
Rep. Valerie Longhurst [D] | Sen. Margaret Henry [D] | Sen. David McBride [D] | Sen. Nicole Poore [D] |
Rep. Peter Schwartzkopf [D] | Rep. John Viola [D] | Rep. Paul Baumbach [D] | Rep. Helene Keeley [D] |
Roll Calls
2017-07-01 - House - House Third Reading (Y: 24 N: 17 NV: 0 Abs: 0) [FAIL]
History
Date | Chamber | Action |
---|---|---|
2017-07-01 | Defeated By House. Votes: 24 YES 17 NO | |
2017-07-01 | Amendment HA 5 to HB 240 - Passed In House by Voice Vote | |
2017-07-01 | Amendment HA 4 to HB 240 - Stricken in House | |
2017-07-01 | Amendment HA 3 to HB 240 - Defeated In House by Voice Vote | |
2017-07-01 | Amendment HA 2 to HB 240 - Stricken in House | |
2017-07-01 | Amendment HA 1 to HB 240 - Stricken in House | |
2017-06-30 | Amendment HA 5 to HB 240 - Introduced and Placed With Bill | |
2017-06-29 | Amendment HA 4 to HB 240 - Introduced and Placed With Bill | |
2017-06-29 | Amendment HA 2 to HB 240 - Introduced and Placed With Bill | |
2017-06-29 | Amendment HA 3 to HB 240 - Introduced and Placed With Bill | |
2017-06-28 | Amendment HA 1 to HB 240 - Introduced and Placed With Bill | |
2017-06-21 | Reported Out of Committee (Revenue & Finance) in House with 7 On Its Merits, 4 Unfavorable | |
2017-06-15 | Introduced and Assigned to Revenue & Finance Committee in House |