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]

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.

Tracking Information

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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]

History

DateChamberAction
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

Delaware State Sources


Bill Comments

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