Amends Delaware tax code to modify exclusions for military pensions from taxable income.

Delaware SB219 amends Title 30 of the Delaware Code to modify the exclusion of military pensions from taxable income. It introduces different exclusion limits for military pensions based on the recipient's age and the taxable year. For taxable years beginning on or after January 1, 2022, and ending before January 1, 2027, the exclusion is the greater of $2,000 or $12,500 for military pensions. For taxable years beginning on January 1, 2027, the exclusion increases to the greater of $2,000 or $20,000 for military pensions.

Amends Delaware tax code to modify exclusions for military pensions from taxable income.

Delaware SB219 amends Title 30 of the Delaware Code to modify the exclusion of military pensions from taxable income. It introduces different exclusion limits for military pensions based on the recipient's age and the taxable year. For taxable years beginning on or after January 1, 2022, and ending before January 1, 2027, the exclusion is the greater of $2,000 or $12,500 for military pensions. For taxable years beginning on January 1, 2027, the exclusion increases to the greater of $2,000 or $20,000 for military pensions.