Delaware HB99 amends personal income tax laws to adjust the earned income tax credit for residents.
Delaware HB99 amends Title 30 of the Delaware Code and Chapter 118 of Volume 83 of the Laws of Delaware to modify the earned income tax credit for residents. The bill specifies that for tax years beginning on or after January 1, 2025, residents can claim 20% of the corresponding federal earned income tax credit. For tax years between January 1, 2021 and January 1, 2025, residents can claim either 20% or 4.5% of the credit, with the excess over the tax due being refundable.
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