Delaware General Assembly

Lieu/Substituted 1/23/20

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

HS 1 for HB 80

3/12/19

Baumbach

Sen. Paradee, Sokola

Reps. Bentz, Brady, Chukwuocha, Q. Johnson, Lynn, Matthews, Mitchell, Osienski, Viola
Sen. Delcollo, Townsend

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.

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Takes effect upon being signed into law

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