Delaware General Assembly

Out of Committee 5/2/23

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

3/17/23

Baumbach

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

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
Sen. Buckson, Hansen, Huxtable, Pettyjohn, Wilson

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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