HB 149 DE
AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO PERSONAL INCOME TAXES.
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Summary
This Act requires personal income tax brackets to be annually adjusted for cost-of-living increases. This will prevent tax rate increases resulting from cost-of-living pay increases that push lower income taxpayers into higher tax brackets. This is referred to as "bracket creep". Cost-of-living pay increases are intended to offset inflation and not create a greater tax burden on lower income taxpayers. Social justice requires that lower income taxpayers should not face both inflation and higher tax rates at the same time. This Act will be effective for tax years beginning after December 31, 2024.
Sponsors (10)
- Richard G. Collins Republican · primary
- Stell Parker Selby · primary
- Bryant L. Richardson Republican · primary
- Laura V. Sturgeon Democratic · primary
- Michael Ramone · primary
- Bryan W. Shupe Republican · primary
- Michael F. Smith Republican · primary
- Lyndon D. Yearick Republican · primary
- Valerie Longhurst · primary
- David L. Wilson Republican · primary
Action history (2)
- Mar 12, 2024 Adopted in lieu of the original bill HB 149, and Assigned to Revenue & Finance Committee in House · lower
- Mar 20, 2024 Not Enough Signatures to Release · lower
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