HB 145 DE

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Became Law

This Act will allow Delaware residents two new deductions from personal income tax. The first is a deduction from taxable income of up to $1,000 for contributions to an account in a Delaware-sponsored qualified tuition program, as that term is defined under 26 U.S.C. § 529 (a “529” College Savings Plan). The second is a deduction from taxable income of up to $5,000 for contributions to an account in a Delaware-sponsored ABLE program, as that term is defined under 26 U.S.C. § 529A (a “529A” Savings Account - a special account for meeting the needs of certain individuals with disabilities). The 529 and 529A deduction is only applicable to the Delaware-sponsored plan. A transfer or rollover from another account authorized under 26 U.S.C. §§ 529 and 529A or for a change in beneficiary of any such account does not qualify for the deduction. This Act takes effect on the date the Secretary of Finance provides written notice to the Registrar of Regulations that the Division of Revenue has implemented the personal income tax release of the Internal Revenue Administration System.

• Krista Griffith Democratic · primary
• Trey Paradee Democratic · primary
• Laura V. Sturgeon Democratic · primary
• Stephanie L. Hansen Democratic · primary
• Kyle Evans Gay · primary
• Kendra Johnson Democratic · primary
• Valerie Longhurst · primary
• Debra Heffernan Democratic · primary
• Sherry Dorsey Walker · primary
• William Bush Democratic · primary
• Gerald L. Brady · primary

1. Apr 1, 2021 Introduced and Assigned to Revenue & Finance Committee in House · lower
2. Apr 20, 2021 Amendment HA 1 to HB 145 - Introduced and Placed With Bill · lower
3. Apr 20, 2021 Reported Out of Committee (Revenue & Finance) in House with 4 Favorable, 6 On Its Merits · lower
4. Apr 22, 2021 Assigned to Appropriations Committee in House · lower
5. Jun 11, 2021 Amendment HA 2 to HB 145 - Introduced and Placed With Bill · lower
6. Jun 15, 2021 Amendment HA 3 to HB 145 - Introduced and Placed With Bill · lower
7. Jun 21, 2021 Amendment HA 4 to HB 145 - Introduced and Placed With Bill · lower
8. Jun 21, 2021 Reported Out of Committee (Appropriations) in House with 3 Favorable, 2 On Its Merits · lower
9. Jun 24, 2021 Amendment HA 4 to HB 145 - Passed In House by Voice Vote · lower
10. Jun 24, 2021 Passed By House. Votes: 39 YES 1 NO 1 ABSENT · lower
11. Jun 24, 2021 Assigned to Education Committee in Senate · upper
12. Jun 29, 2021 Reported Out of Committee (Education) in Senate with 2 Favorable, 4 On Its Merits · upper
13. Jun 29, 2021 Assigned to Finance Committee in Senate · upper
14. Mar 17, 2022 Reported Out of Committee (Finance) in Senate with 1 Favorable, 4 On Its Merits · upper
15. Mar 22, 2022 Passed By Senate. Votes: 21 YES · upper
16. Jun 30, 2022 Signed by Governor · executive