House Bill 15 was voted out of committee on April 10, 2019 and is on the Ready List for the second half of the 150th General Assembly. HB 15 would establish two new tax brackets of $125,000 to $250,000 at 7.1% and above $250,000 at 7.85%.
Currently, all income above $60,000 is taxed at a rate of 6.6%. This tax increase will serve as yet another stream of revenue for an ever-increasing budget.
ABD opposes this bill based on its economic impact on Delawareans.
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