This Act adjusts the existing tax brackets and the tax rate for each bracket, combining some existing brackets and creating 2 new brackets. The 2 new brackets are taxed at the highest rates, but by combining some existing brackets, this Act also slightly increases or decreases the tax rate for some incomes. Under current law, taxable income in excess of $60,000 is taxed at a rate of 6.6%. Under this Act, for taxable years beginning after December 31, 2020, income between $60,000 and $125000 will continue to be taxed at a rate of 6.6%, but income above $125,000 will be taxed as follows: 1. In excess of $125,000 but not in excess of $250,000, at 6.75%. 2. In excess of $250,000, at 6.95%
House Bill 256
Legislative Highlights
House Bill 176 - House Amendment 2 with House Amendment 1 + Senate Amendment 2
This Act clarifies the responsibilities of manufactured home community owners and homeowners for maintenance. This Act also makes technical corrections to conform existing law to the standards of the Delaware Legislative Drafting Manual. […]
House Bill 238
This Act repeals the ability of a charter school to give preference in student admissions to students residing within a 5-mile radius of the school. This Act also makes technical corrections to conform existing law to the standards of the […]
House Bill 405 - House Amendment 1
This Act establishes an independent and nonpartisan Office of the Inspector General (OIG) and the position of the Inspector General. The OIG will protect the health and safety of Delaware residents, assist in the recovery of misspent or inappropriately paid […]