Delaware HB 149: PIT Brackets/Adjust/Cost of Living

What it does

The legislature's own summary of the bill, or its official long title.

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…

Read the full title (93 words)

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, 2023.

Every action

4 steps, oldest first, as the legislature records them.

May 11, 2023CommitteeIntroduced and Assigned to Revenue & Finance Committee in House · House Revenue & Finance
Jan 23, 2024HouseNot Worked in Committee
Mar 12, 2024HouseNot Worked in Committee
Mar 12, 2024HouseSubstituted in House by HS 1 for HB 149

Roll calls

No recorded votes on this bill yet.

What it does

Every action

Roll calls

Sponsors