DE HB145 | 2021-2022 | 151st General Assembly
Status
Completed Legislative Action
Spectrum: Strong Partisan Bill (Democrat 14-1)
Status: Passed on June 30 2022 - 100% progression
Action: 2022-06-30 - Signed by Governor
Text: Latest bill text (Engrossed) [HTML]
Spectrum: Strong Partisan Bill (Democrat 14-1)
Status: Passed on June 30 2022 - 100% progression
Action: 2022-06-30 - Signed by Governor
Text: Latest bill text (Engrossed) [HTML]
Summary
This Act will allow Delaware residents two new deductions from personal income tax. The first is a deduction from taxable income of up to $1,000 for contributions to an account in a Delaware-sponsored qualified tuition program, as that term is defined under 26 U.S.C. § 529 (a 529 College Savings Plan). The second is a deduction from taxable income of up to $5,000 for contributions to an account in a Delaware-sponsored ABLE program, as that term is defined under 26 U.S.C. § 529A (a 529A Savings Account - a special account for meeting the needs of certain individuals with disabilities). The 529 and 529A deduction is only applicable to the Delaware-sponsored plan. A transfer or rollover from another account authorized under 26 U.S.C. §§ 529 and 529A or for a change in beneficiary of any such account does not qualify for the deduction.
Title
An Act To Amend Title 30 Of The Delaware Code Relating To College Savings And Able Savings Accounts.
Sponsors
Roll Calls
2022-03-22 - Senate - Senate Third Reading (Y: 21 N: 0 NV: 0 Abs: 0) [PASS]
2021-06-24 - House - House Third Reading (Y: 39 N: 1 NV: 0 Abs: 1) [PASS]
2021-06-24 - House - House Third Reading (Y: 39 N: 1 NV: 0 Abs: 1) [PASS]
History
Date | Chamber | Action |
---|---|---|
2022-06-30 | Signed by Governor | |
2022-03-22 | Passed By Senate. Votes: 21 YES | |
2022-03-17 | Reported Out of Committee (Finance) in Senate with 1 Favorable, 4 On Its Merits | |
2021-06-29 | Assigned to Finance Committee in Senate | |
2021-06-29 | Reported Out of Committee (Education) in Senate with 2 Favorable, 4 On Its Merits | |
2021-06-24 | Assigned to Education Committee in Senate | |
2021-06-24 | Passed By House. Votes: 39 YES 1 NO 1 ABSENT | |
2021-06-24 | Amendment HA 4 to HB 145 - Passed In House by Voice Vote | |
2021-06-21 | Reported Out of Committee (Appropriations) in House with 3 Favorable, 2 On Its Merits | |
2021-06-21 | Amendment HA 4 to HB 145 - Introduced and Placed With Bill | |
2021-06-15 | Amendment HA 3 to HB 145 - Introduced and Placed With Bill | |
2021-06-11 | Amendment HA 2 to HB 145 - Introduced and Placed With Bill | |
2021-04-22 | Assigned to Appropriations Committee in House | |
2021-04-20 | Reported Out of Committee (Revenue & Finance) in House with 4 Favorable, 6 On Its Merits | |
2021-04-20 | Amendment HA 1 to HB 145 - Introduced and Placed With Bill | |
2021-04-01 | Introduced and Assigned to Revenue & Finance Committee in House |