DE HB196 | 2015-2016 | 148th General Assembly
Status
Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on June 16 2015 - 25% progression, died in chamber
Action: 2015-06-17 - Reported Out of Committee (REVENUE & FINANCE) in House with 2 Favorable, 6 On Its Merits, 3 Unfavorable
Text: Latest bill text (Draft #1) [HTML]
Status: Introduced on June 16 2015 - 25% progression, died in chamber
Action: 2015-06-17 - Reported Out of Committee (REVENUE & FINANCE) in House with 2 Favorable, 6 On Its Merits, 3 Unfavorable
Text: Latest bill text (Draft #1) [HTML]
Summary
This bill lowers the current tax rates by .05% for each bracket. The bill also creates a new tax bracket at $125,000 with a rate of 7.05%, and an additional bracket at $250,000 with a rate of 7.80%. The bill also provides a tiered reduction of the otherwise available itemized deduction based upon the individual’s taxable income.
Title
An Act To Amend Title 30 Of Delaware Code Relating To Personal Income Tax.
Sponsors
| Rep. John Kowalko [D] | Rep. Helene Keeley [D] | Rep. Sean Lynn [D] | Rep. Charles Potter [D] |
| Sen. Karen Peterson [D] | Rep. Paul Baumbach [D] | Rep. James Johnson [D] | Rep. Edward Osienski [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-06-17 | House | Reported Out of Committee (REVENUE & FINANCE) in House with 2 Favorable, 6 On Its Merits, 3 Unfavorable |
| 2015-06-16 | House | Introduced in House and assigned to Revenue & Finance Committee |
| 2015-06-16 | House | Assigned to Revenue & Finance Committee in House |
