Delaware General Assembly

House Revenue & Finance 4/3/25

Committee Hearing takes place within twelve legislative days.

HB 13

4/3/25

Lynn

Rep. Wilson-Anton
Sen. Hoffner

Rep. Morrison

AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO PERSONAL INCOME TAX.

This Act adjusts the existing personal income tax brackets and applicable tax rates. Like under House Bill No. 13, under House Substitute No. 1 for HB 13, for taxable years beginning after December 31, 2025, income between $60,000 and $125,000 will continue to be taxed at a rate of 6.6%, but income above $125,000 will be taxed at higher rates. The result of the changes under this Act will be that those with a taxable income of $134,667 or less will see no increase in personal income taxes, with 92% of Delaware taxpayers receiving an overall tax decrease. House Substitute No. 1 for House Bill No. 13 differs from HB 13 as follows: • Creates additional tax brackets for taxable income not in excess of $60,000. • Decreases the tax rate for all tax brackets for taxable income not in excess of $60,000. • Creates 3 additional tax brackets for taxable income above $60,000 instead of 2. In addition, HS 1 for HB 13 is named the “The John Kowalko, Jr., Fairness in Taxation Act”.

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Takes effect upon being signed into law

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