SB 201

  • Delaware Senate Bill
  • 152nd General Assembly (2023-2024)
  • Introduced in Senate Jan 04, 2024
  • Senate
  • House
  • Governor

An Act To Amend Title 30 Of The Delaware Code Relating To Exclusion Of Military Pensions From Taxable Income.

Abstract

Of the 41 states with a state income tax, 27 states fully exempt military retirement pay from state income taxes and 12 states partially exempt military retirement pay. In 2022, Delaware increased the pension exclusion for military pensioners under 60 to $12,500. This Act phases in, over 3 years, an increased exemption for military pensions from state income taxation, regardless of age, so that in taxable years beginning on or after January 1, 2026, the exemption will be $25,000 for all military pensioners.

Bill Sponsors (13)

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Actions


Feb 29, 2024

Senate

Amendment SA 1 to SB 201 - Introduced and Placed With Bill

Jan 04, 2024

Senate

Introduced and Assigned to Executive Committee in Senate

  • Introduction
  • Referral-Committee
Executive

Bill Text

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Related Documents

Document Format
Fiscal Note PDF

Sources

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