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
YES VOTES: HOUSE: B. Short, Baumbach, Bennett, Bentz, Bolden, Brady, Briggs King, Carson, D. Short, Dukes, Gray, Heffernan, Hudson, J.Johnson, Jaques, K.Williams, Keeley, Kenton, Kowalko, Longhurst, Lynn, M.Smith, Matthews, Mitchell, Mulrooney, Osienski, Outten, Paradee, Postles, Potter, Q.Johnson, Ramone, Schwartzkopf, Spiegelman, Smyk, Viola, Wilson. SENATE: Bushweller, Cloutier, Delcollo, Ennis, Hansen, Henry, Lavelle, Lawson, Lopez, Marshall, McBride, Poore, Richardson, Simpson, Sokola, Townsend, Walsh
NO VOTES: HOUSE: Collins, Hensley [Yearick and Miro were absent]. SENATE: Bonini, Hocker,Pettyjohn [McDowell did not vote]
HISTORY: Passed the House 37-2-2. Passed Senate 17-3-1.
STATUS: Sent to Governor for signature.