Delaware House Passes Tax Code Change to Address Expected $400 Million Shortfall

Decoupling bill advances to Delaware Senate over business outcry

The Delaware House of Representatives passed a bill that would allow the state to decouple from the federal tax code, after hearing arguments that doing so would damage the state’s business competitiveness. The post Decoupling bill advances to Delaware Senate over business outcry appeared first on Delaware Business Times.

Democrats Advance Tax Bill To Decouple Delaware From Feds

Lawmakers discussed a corporate tax measure on Thursday during a session of the General Assembly, positioning Delaware to shield state revenues from a projected multiyear decline linked to recent federal tax changes. The vote came as officials reviewed estimates showing a substantial drop in available resources over the next three fiscal years due to expanded federal deductions. The legislation, House Bill 255, restructures how corporations and …

Delaware House approves corporate tax reform, extends property tax bill deadline

The Delaware House of Representatives approved a bill Thursday that would negate corporate tax cuts approved by Congress this summer.

House passes potential patch for $400 million deficit triggered by 'Big Beautiful Bill'

The bill, which would separate parts of Delaware's tax code from federal tax breaks, has cleared the House.

Delaware House passes tax code change to address expected $400 million shortfall

The Delaware House of Representatives has passed HB 255, aimed at separating segments of Delaware tax code from the Trump Administration’s “One Big Beautiful Bill Act” in an effort to avoid a $400 million budget shortfall.

Delaware House lawmakers vote to change tax law, addressing $400 million revenue shortfall

House lawmakers also passed two other bills Thursday, one extending the deadline for New Castle County residents to pay their property taxes and another allowing remote participation.