Delaware House Bill 256 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on June 24 2021 - 25% progression, died in committee
Action: 2021-06-24 - Introduced and Assigned to Revenue & Finance Committee in House
Pending: House Revenue & Finance Committee
Text: Latest bill text (Draft #1) [HTML]

This Act adjusts the existing tax brackets and the tax rate for each bracket, combining some existing brackets and creating 2 new brackets. The 2 new brackets are taxed at the highest rates, but by combining some existing brackets, this Act also slightly increases or decreases the tax rate for some incomes. Under current law, taxable income in excess of $60,000 is taxed at a rate of 6.6%. Under this Act, for taxable years beginning after December 31, 2020, income between $60,000 and $125000 will continue to be taxed at a rate of 6.6%, but income above $125,000 will be taxed as follows:

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

Rep. John Kowalko [D]	Sen. David Sokola [D]	Rep. Paul Baumbach [D]	Sen. Elizabeth Lockman [D]
Rep. Edward Osienski [D]	Rep. Madinah Wilson-Anton [D]

Date	Chamber	Action
2021-06-24		Introduced and Assigned to Revenue & Finance Committee in House

Type	Source
Summary	https://legis.delaware.gov/BillDetail?LegislationId=78990
Text	https://legis.delaware.gov/json/BillDetail/GenerateHtmlDocument?legislationId=78990&legislationTypeId=1&docTypeId=2&legislationName=HB256