Paul Baumbach
- Democratic
- Representative
- District 23
Primary
Section 1 of this Act modifies Delaware’s Earned Income Tax Credit (EITC) to allow recipients to choose the most beneficial credit to be applied against their Delaware Personal Income Taxes. Under this Act, recipients can choose between a non-refundable credit of up to 20% of the value of the corresponding federal EITC or a refundable EITC credit of up to 4.5% of the value of the corresponding federal EITC. Section 2 of this Act makes the change to Delaware’s EITC effective for the tax year in which the Secretary of Finance provides the Registrar of Regulations with notice that the personal income tax release of the Integrated Revenue Administration System is implemented. This delay in effective date is necessary to ensure that tax law changes can be properly and efficiently implemented in the Division of Revenue’s modernized Integrated Revenue Administration System, which is currently under development. This Act also makes technical corrections to conform existing law to the standards of the Delaware Legislative Drafting Manual.
Signed by Governor
Passed By Senate. Votes: 21 YES
Reported Out of Committee (Finance) in Senate with 1 Favorable, 3 On Its Merits
Passed By House. Votes: 40 YES 1 ABSENT
Suspension of Rules in House
Suspension of Rules in House
Suspension of Rules in House
Reported Out of Committee (Appropriations) in House with 3 Favorable, 2 On Its Merits
Reported Out of Committee (Revenue & Finance) in House with 11 Favorable, 2 On Its Merits
Introduced and Assigned to Revenue & Finance Committee in House
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