Mentions of “PERSONAL INCOME TAX” — 3 found
… USE BILL NO. 13 SPONSOR: Representative Lynn DESCRIPTION: AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO PERSONAL INCOME TAX. Assumptions: 1.This Act is effective upon signature by the Governor. The provisions of this Act are effective for …
… he provisions of this Act are effective for tax years beginning after December 31, 2025. 2.This Act adjusts existing personal income tax brackets and creates two new brackets as follows: Current Proposed Taxable Income Rate Taxable Income Rate $2,001 - …
… $12,184 $12,213 $29 0.2% $500,000 $31,984 $32,963 $979 3.1% $1,000,000 $64,984 $67,713 $2,729 4.2% 4. Tax year 2023 personal income tax data, adjusted for income and deduction growth as well as the number of returns, was used by the Department of Financ …