Mentions of “PERSONAL INCOME TAX” — 3 found
… AS AMENDED BY: SA 1 SPONSOR: Senator Poore 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 the Act are effective for ta …
… g January 1, 2024. 2.This Act allows residents of Delaware who are active members of a labor organization to claim a personal income tax deduction equal to the annual cost of maintaining their membership in the labor organization, not to exceed $500. 3. …
… espond with the maximum deduction provisions of the Act. 5.It is estimated that 35.5% of taxpayers filing a Delaware personal income tax return itemize deductions. 6.For purposes of this analysis, an effective tax rate of 5.5% is assumed. 7.General Fun …