Delaware General Assembly

Out of Committee 6/17/15

The General Assembly has ended, the current status is the final status.

6/16/15

Kowalko

Reps. Keeley, Lynn, Potter
Sen. Peterson

Reps. Baumbach, J. Johnson, Osienski

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

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.

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