HB99 seems to limit a tax break available to Delaware retirees. Currently, a Delaware resident who is 65 or older can claim a tax credit against school taxes they paid so long as they have been a resident of the state for 3 years. This bill would extend that time period to 10 years, while grandfathering in (no pun intended ) those residents who would have become eligible over the last three years under the prior version of the statute will remain eligible.
I suppose this bill is a revenue raiser for the budget, but it might also affect the flow of retirees who move to Delaware to take advantage of our tax laws.
SPONSORS: Williams, Walsh, Hocker, Simpson, Baumbach, Bennett, Q.Johnson, Keeley, Kowalko, Longhurst, Lynn, Matthews, Mulrooney, Osienski, Paradee, Spiegelman, Wilson
HISTORY: Assigned to the House Administration Committee on 4/6/17.
STATUS: Waiting for hearing in committee.