Revenue Review Panel Eyes Income Tax Structure - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Revenue Review Panel Eyes Income Tax Structure

Posted:
(Photo: MGN) (Photo: MGN)

NEW CASTLE, Del. (AP)- A panel exploring how to make Delaware's revenue portfolio less unpredictable and more reflective of economic conditions is set to examine the state's personal income tax system.

Friday's scheduled meeting of the Structural Revenue Review Committee includes a background look at the income tax system, its conformity with the internal revenue code, and how it compares to tax systems in other states.

The panel also will compare the growth in numbers of taxpayers and income to economic indicators.

The panel, which is to submit a report in April, was formed amid concerns that more than half of Delaware's revenues come from "inelastic" sources that do not respond to changes in Delaware's economy. Those revenue sources include lottery and gambling, abandoned property collections and bank and corporate franchise taxes.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Teen Hospitalized After Falling At an Ocean City Hotel

    Teen Hospitalized After Falling At an Ocean City Hotel

    Thursday, May 25 2017 9:48 PM EDT2017-05-26 01:48:06 GMT
    Friday, May 26 2017 12:24 AM EDT2017-05-26 04:24:24 GMT
    Econo Lodge on 145th Street in Ocean CityEcono Lodge on 145th Street in Ocean City

    Ocean City Police say a 17-year-old boy was hospitalized after falling from an unknown height at a hotel in Ocean City Thursday afternoon. 

    More

    Ocean City Police say a 17-year-old boy was hospitalized after falling from an unknown height at a hotel in Ocean City Thursday afternoon. 

    More
  • Traffic Stop Leads to Drug Arrest

    Traffic Stop Leads to Drug Arrest

    Thursday, May 25 2017 7:56 PM EDT2017-05-25 23:56:24 GMT
    Friday, May 26 2017 12:24 AM EDT2017-05-26 04:24:04 GMT
    Maurice Pinder was arrested for the posession of drugs and weapons.Maurice Pinder was arrested for the posession of drugs and weapons.

    A Federalsburg man is being held without bond after a traffic stop lead to the discovery of drugs and weapons.

    More

    A Federalsburg man is being held without bond after a traffic stop lead to the discovery of drugs and weapons.

    More
  • Non-Profits Coalition Creating Pilot Program for those Fighting Addiction

    Non-Profits Coalition Creating Pilot Program for those Fighting Addiction

    Thursday, May 25 2017 6:54 PM EDT2017-05-25 22:54:03 GMT
    Friday, May 26 2017 12:23 AM EDT2017-05-26 04:23:50 GMT

    The organization B.R.I.D.G.E.S.--Bridging Recovery in Delaware - Gathering Essential Supports--is starting a "Community Navigators" program to help people get involved in the fight against addiction.

    More

    The organization B.R.I.D.G.E.S.--Bridging Recovery in Delaware - Gathering Essential Supports--is starting a "Community Navigators" program to help people get involved in the fight against addiction.

    More
  • Most Popular StoriesMost Popular StoriesMore>>

  • Teen Hospitalized After Falling At an Ocean City Hotel

    Teen Hospitalized After Falling At an Ocean City Hotel

    Thursday, May 25 2017 9:48 PM EDT2017-05-26 01:48:06 GMT
    Friday, May 26 2017 12:24 AM EDT2017-05-26 04:24:24 GMT
    Econo Lodge on 145th Street in Ocean CityEcono Lodge on 145th Street in Ocean City

    Ocean City Police say a 17-year-old boy was hospitalized after falling from an unknown height at a hotel in Ocean City Thursday afternoon. 

    More

    Ocean City Police say a 17-year-old boy was hospitalized after falling from an unknown height at a hotel in Ocean City Thursday afternoon. 

    More
  • Cruisin' Leaves its Mark on Ocean City

    Cruisin' Leaves its Mark on Ocean City

    Wednesday, May 24 2017 6:38 PM EDT2017-05-24 22:38:22 GMT
    Thursday, May 25 2017 7:41 AM EDT2017-05-25 11:41:49 GMT

     Cruisin' leaves it's mark on Ocean City. 

    More

    Last weekend's Cruisin' Ocean City event left its mark, in more ways than one. 

    More
  • Traffic Stop Leads to Drug Arrest

    Traffic Stop Leads to Drug Arrest

    Thursday, May 25 2017 7:56 PM EDT2017-05-25 23:56:24 GMT
    Friday, May 26 2017 12:24 AM EDT2017-05-26 04:24:04 GMT
    Maurice Pinder was arrested for the posession of drugs and weapons.Maurice Pinder was arrested for the posession of drugs and weapons.

    A Federalsburg man is being held without bond after a traffic stop lead to the discovery of drugs and weapons.

    More

    A Federalsburg man is being held without bond after a traffic stop lead to the discovery of drugs and weapons.

    More
  • Most Popular VideosMost Popular VideosMore>>

  • 'Ghost Pots' Hurting Chesapeake Bay's Blue Crab Population

    'Ghost Pots' Hurting Chesapeake Bay's Blue Crab Population

    Crabbing season is well underway, and that means hundreds of thousands of crab pots are in the Chesapeake Bay catching blue crabs.

    Every morning during crabbing season, you can see watermen gathering up their pots, collecting their catch, and putting the pots back in the water. What you cannot see is the problem: pots that have had their lines severed sit on the bay's bottom, sometimes never seen again, along with the crabs inside them.

    More

    Crabbing season is well underway, and that means hundreds of thousands of crab pots are in the Chesapeake Bay catching blue crabs.

    Every morning during crabbing season, you can see watermen gathering up their pots, collecting their catch, and putting the pots back in the water. What you cannot see is the problem: pots that have had their lines severed sit on the bay's bottom, sometimes never seen again, along with the crabs inside them.

    More
  • Dover Shootings Cause Heightened Concern Over Safety

    Dover Shootings Cause Heightened Concern Over Safety

    Yellow tape on Wednesday marked the crime scene outside a home in Capital Green where police said two people were shot in broad daylight while filming a rap video.

    More

    Yellow tape on Wednesday marked the crime scene outside a home in Capital Green where police said two people were shot in broad daylight while filming a rap video.

    More
  • Locals React to Cruisin' Ocean City

    Locals React to Cruisin' Ocean City

    Thousands of cars rumbled into Ocean City for Cruisin' OC but not everyone was thrilled about it.

    For 27 years unique cars have traveled from hundreds of miles away to drive up and down the streets of Ocean City.

    While this event might be a big attraction for people who aren't from Delmarva, not everyone gets revved up for the weekend.Locals said that over the past few years the noise and the smell has gotten to be a little too much.

    More

    Thousands of cars rumbled into Ocean City for Cruisin' OC but not everyone was thrilled about it.

    For 27 years unique cars have traveled from hundreds of miles away to drive up and down the streets of Ocean City.

    While this event might be a big attraction for people who aren't from Delmarva, not everyone gets revved up for the weekend.Locals said that over the past few years the noise and the smell has gotten to be a little too much.

    More
Powered by Frankly

All content © Copyright 2000 - 2017 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices