General Assembly Vote Tracker

HB148 – New Itemized Tax Deductions for College Savings Plans and Savings Accounts for those with Disabilities

State Rep. Trey Paradee has introduced a bill that would allow Delaware residents two new itemized deductions from personal income tax that promotes and encourages savings for college and for those with disabilities.   The first deduction is a deduction from taxable income of up to $2,500 for contributions to a “529” College Savings Plan. The second is a deduction from taxable income of up to $2,500 for contributions to a “529A” Savings Account – a special account for meeting the needs of certain individuals with disabilities.

This bill has already been reported out of committee and is on the Ready List.

AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO COLLEGE SAVINGS AND “ABLE” SAVINGS ACCOUNTS.


UPDATED: 5/4/17


SPONSORS: Paradee, Poore, Potter, Bonini, Walsh, Briggs King, Gray, Hensley, Mitchell


YES VOTES: HOUSE: _______________ SENATE:______________________


NO VOTES: HOUSE: _______________ SENATE:______________________


HISTORY: Reported out of the House Revenue & Finance Committee on 5/3/17.


STATUS: On Ready List in the House.


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