Republicans Looking to Abolish DE Estate Tax - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Republicans Looking to Abolish DE Estate Tax

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DOVER, Del. (AP) - Republican lawmakers have introduced legislation to abolish Delaware's estate tax.
    
A bill filed in advance of the upcoming legislative session calls for the tax to be "sunset" on Dec. 31, 2017.
    
A committee hearing on the bill will be held after lawmakers convene for a new legislative session on Jan. 10.
    
GOP lawmakers are seeking to eliminate the estate tax at a time when the incoming administration of Gov.-elect John Carney will be dealing with a significant revenue shortfall.
    
According to recent estimates, the estate tax is expected to generate $5 million annually for the state's general fund in the current and upcoming fiscal years.

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