Del. House to Vote on Tax Increases - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Del. House to Vote on Tax Increases

Posted: Updated:

DOVER, Del. (AP)- The Delaware House is set to vote on a package of tax increases upon which Gov. Jack Markell is relying to help pay for his spending plan for the upcoming fiscal year.

A bill to be voted on Tuesday increases the annual tax on limited liability companies and business partnerships from $250 to $300. It also increases the minimum annual corporation franchise tax by $100.

The legislation was sent to the House for a floor vote after being released by the House Administration Committee last week.

Administration officials have said the tax increases should generate $51 million more in annual revenue, and that the vast majority of those taxes will be paid by businesses located outside of Delaware, which is the legal home for more than 1 million business entities.

 

  • Most Popular StoriesMost Popular StoriesMore>>

  • Updated: Fire Ruins Historical Hebron Church

    Updated: Fire Ruins Historical Hebron Church

    Tuesday, July 22 2014 4:31 PM EDT2014-07-22 20:31:09 GMT
    Fire has destroyed the historical St. Paul's Episcopal Church located on westbound Route 50 in Hebron.More
    Authorities are investigating a Tuesday fire that destroyed the historical St. Paul's Episcopal Church at the corner of Memory Gardens Lane and Route 50 in Hebron, Md. Preliminary damage is estimated at approximately $500,000.More
  • Two Killed in Del. Crash

    Two Killed in Del. Crash

    Tuesday, July 22 2014 11:45 AM EDT2014-07-22 15:45:19 GMT
    Delaware State Police say two Dover men were killed Monday night after the tow truck they were riding in went off the road and crashed into a telephone pole near Little Creek.More
    Delaware State Police say two Dover men were killed Monday night after the tow truck they were riding in went off the road and crashed into a telephone pole near Little Creek. More
  • Federal Appeals Court Deals Blow to Health Law

    Federal Appeals Court Deals Blow to Health Law

    Tuesday, July 22 2014 11:46 AM EDT2014-07-22 15:46:35 GMT
    A federal appeals court has delivered a serious setback to President Barack Obama's health care law, potentially derailing subsidies for many low- and middle-income people who have bought policies.More
    A federal appeals court has delivered a serious setback to President Barack Obama's health care law, potentially derailing subsidies for many low- and middle-income people who have bought policies.More
Powered by WorldNow

All content © Copyright 2000 - 2014 Worldnow and WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service