Republicans have introduced two new tax bills, which have no chance getting out of committe this year, and perhaps ever. The first bill, House Bill 233, raises the minimum income to be subject to income tax from $2,000 to $2,500, and then collapsed all other tax rate brackets into three brackets, each with a reduced tax rate. So this is both a tax cut and a first step to a flat tax in Delaware, making our income tax structure, already incredibly unfair where a person making $60,000 pays the same tax rate as someone making $600,000 or $6,000,000 a year, more so.
| HOUSE BILL 233 – THE REPUBLICAN FLAT TAX PLAN | Currrent Status – House Revenue & Finance 6/16/23 |
| House Sponsors – Ramone, Collins, Smith | Senate Sponsors – Hocker, WIlson |
| House Yes Votes – | Senate Yes Votes – |
| House No Votes – | Senate No Votes – |
| House Absents or Not Voting – | Senate Absent or Not Voting – |
House Bill 234 amends the Senior Tax Credit to $1000 for Real Property valued less than $500,000, $500 for Real Property valued between $500,000 and $1,000,000. This Credit will not be extended to Real Property valued above $1,000,000.
| HOUSE BILL 234 – REPUBLICAN EXPANSION OF THE SENIOR PROPERTY TAX CREDIT | Currrent Status – House Administration 6/16/23 |
| House Sponsors – Ramone, Briggs King, Smith | Senate Sponsors – Hocker, WIlson |
| House Yes Votes – | Senate Yes Votes – |
| House No Votes – | Senate No Votes – |
| House Absents or Not Voting – | Senate Absent or Not Voting – |
0 comments on “More Republican Tax Plans”