House Bill 80
150th General Assembly (Present)
Out of Committee 3/13/19
Legislation has been voted out of Committee; now placed on the Ready List
AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO TAXES ON PERSONAL INCOME.
Sections 1 and 2 of this Act raise the eligibility age, from 60 to 65 in one-year increments over a five-year period, for the up to $12,500 retirement income exclusion and the extra $110 age-based personal credit. Anyone eligible for these age-based benefits in the year of enactment would remain eligible under this legislation and eligibility for an up to $2,000 pension exclusion would be extended to persons under age 65. Section 3 of this Act modifies Delaware’s Earned Income Tax Credit (EITC) to allow recipients to choose between a non-refundable credit of up to 20% of the value of the corresponding federal EITC or a refundable EITC credit of up to 4.5% of the value of the corresponding federal EITC to be applied against their Delaware Personal Income Taxes.
Takes effect upon being signed into law