Delaware General Assembly

Senate Executive 1/4/24

Awaiting consideration in Committee

1/4/24

Buckson

Sen. Mantzavinos
Reps. Dorsey Walker, Hilovsky, Bush

Sen. Hocker, Lawson, Pettyjohn, Wilson
Reps. Gray, Morris, Shupe, Michael Smith

AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO EXCLUSION OF MILITARY PENSIONS FROM TAXABLE INCOME.

Of the 41 states with a state income tax, 27 states fully exempt military retirement pay from state income taxes and 12 states partially exempt military retirement pay. In 2022, Delaware increased the pension exclusion for military pensioners under 60 to $12,500. This Act phases in, over 3 years, an increased exemption for military pensions from state income taxation, regardless of age, so that in taxable years beginning on or after January 1, 2026, the exemption will be $25,000 for all military pensioners.

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Takes effect upon being signed into law

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