Delaware General Assembly

House Revenue & Finance 5/18/21

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

5/18/21

Collins

Sen. Lawson

Sen. Bonini, Richardson, Wilson
Reps. Ramone, Vanderwende, Yearick

AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO LOWERING CERTAIN TAX RATES.

This Act's purpose is to spur economic growth in Delaware and create new jobs by giving a portion of the State's revenue surplus back to the taxpayers. Specifically, this Act cuts (i) all personal income tax brackets by 10%, (ii) the corporate tax rate from 8.7% to 6.1%, and (iii) the gross receipts tax by 50% each.

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Takes effect upon being signed into law

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