Delaware General Assembly

Out of Committee 5/2/23

Reported from Committee; to list ready for consideration (Ready List)

3/17/23

Baumbach

Sen. Sokola, Townsend, Lockman, Hocker
Reps. Schwartzkopf, Longhurst, Minor-Brown, Bush

Sen. Buckson, Hansen, Huxtable, Pettyjohn, Wilson
Reps. Bolden, Briggs King, Carson, Chukwuocha, Collins, Cooke, Dorsey Walker, Dukes, Gray, Griffith, Harris, Heffernan, Hensley, Hilovsky, K. Johnson, Lambert, Matthews, Morris, Morrison, Osienski, Phillips, Postles, Ramone, D. Short, Shupe, Michael Smith, Spiegelman, Vanderwende, K. Williams, Yearick

AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE AND CHAPTER 118 OF VOLUME 83 OF THE LAWS OF DELAWARE RELATING TO PERSONAL INCOME TAXES.

Section 1 of this Act increases the standard deduction for personal income tax purposes of resident individuals and spouses of this State for tax years beginning after December 31, 2023. Section 3 of this Act increases the monetary filing thresholds resulting from the increases the standard deduction under Section 1. Sections 2 and 4 of this Act increase the refundable earned income tax credit to 7.5% of the corresponding federal earned income tax credit for tax years beginning on or after January 1, 2023, and clarify that a previously enacted refundable earned income tax credit of 4.5% of the corresponding federal earned income tax credit took effect for tax years beginning on or after January 1, 2021.

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Takes effect upon being signed into law

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