House Votes to Eliminate Delaware Estate Tax - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

House Votes to Eliminate Delaware Estate Tax

Posted: Updated:
(Photo: CBS/Thinkstock) (Photo: CBS/Thinkstock)

DOVER, Del. (AP)- House lawmakers have approved a bill to eliminate Delaware's estate tax.
    
Lawmakers voted 24-to-16 Thursday for the measure, which repeals the tax levied on a person's property and other assets when he or she dies.
    
If the bill is approved by the Senate and signed into law, the estate tax would no longer exist for people who die after Dec. 31 of this year.
    
Analysts expect the state to lose about $3.7 million in fiscal 2019 and $5 million the following year if the tax is repealed.
    
But chief bill sponsor Rep. Mike Ramone, a Newark Republican, said the tax actually costs the state money because it has prompted wealthy individuals to move out of state, resulting in a loss of personal income tax revenue they would otherwise have paid.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Sussex County Drug Unit Arrests 14 in Drug Investigation

    Sussex County Drug Unit Arrests 14 in Drug Investigation

    08/23/2017 13:29:00 -04:002017-08-23 17:29:00 GMT
    Wednesday, August 23 2017 1:41 PM EDT2017-08-23 17:41:30 GMT
    Janie Handy, Jayquan Bland, Delane Jacobs; DSPDJanie Handy, Jayquan Bland, Delane Jacobs; DSPD
    SELBYVILLE AND FRANKFORD, Del.-- The Delaware State Police Sussex County Drug Unit has charged fourteen people following a three-month long drug investigation in the Pollybranch area of Selbyville.On Tuesday, DSP along with investigators from seven otherMore
    SELBYVILLE AND FRANKFORD, Del.-- The Delaware State Police Sussex County Drug Unit has charged fourteen people following a three-month long drug investigation in the Pollybranch area of Selbyville.More
  • Following Lawsuit & Financial Turmoil, 2017 Punkin Chunkin Canceled

    Following Lawsuit & Financial Turmoil, 2017 Punkin Chunkin Canceled

    08/23/2017 11:33:00 -04:002017-08-23 15:33:00 GMT
    Wednesday, August 23 2017 11:33 AM EDT2017-08-23 15:33:27 GMT
    With less than 74 days until its annual event, The World Punkin Chunkin Association announced the 2017 Punkin Chunkin has been canceled following a series of financial turmoil and a lawsuit filed against the organization.More
    With less than 74 days until its annual event, The World Punkin Chunkin Association announced the 2017 Punkin Chunkin has been canceled following a series of financial turmoil and a lawsuit filed against the organization.More
  • Mower Fire Spreads to Garage in Mardela Springs

    Mower Fire Spreads to Garage in Mardela Springs

    Wednesday, August 23 2017 8:21 AM EDT2017-08-23 12:21:53 GMT
    Wednesday, August 23 2017 8:21 AM EDT2017-08-23 12:21:53 GMT
    A lawn mower caught fire Tuesday afternoon in Mardela Springs and spread to the garage. (Photo: MD State Fire Marshal)A lawn mower caught fire Tuesday afternoon in Mardela Springs and spread to the garage. (Photo: MD State Fire Marshal)
    MARDELA SPRINGS, Md. - The Maryland State Fire Marshal's Office is investigating a mower fire which extended to a garage Tuesday afternoon in Mardela Springs, Md.Fire officials said Wednesday morning, the fire happened at 8013 Hurleys Neck Road arouMore
    MARDELA SPRINGS, Md. - The Maryland State Fire Marshal's Office is investigating a mower fire which extended to a garage Tuesday afternoon in Mardela Springs, Md.Fire officials said Wednesday morning, the fire happened at 8013 Hurleys Neck Road arouMore
  • Most Popular StoriesMost Popular StoriesMore>>

  • Trial Nears for Alleged Leader of Delaware Criminal Network

    Trial Nears for Alleged Leader of Delaware Criminal Network

    Wednesday, August 23 2017 4:48 AM EDT2017-08-23 08:48:13 GMT
    Wednesday, August 23 2017 4:48 AM EDT2017-08-23 08:48:13 GMT
    Steven Kellam (Photo: Delaware State Police)Steven Kellam (Photo: Delaware State Police)
    A judge is holding a final case review in the prosecution of the alleged ringleader of an organized crime gang that operated in central and southern Delaware.More
    A judge is holding a final case review in the prosecution of the alleged ringleader of an organized crime gang that operated in central and southern Delaware.More
  • Neighbors React to Easton Recovery Home

    Neighbors React to Easton Recovery Home

    Tuesday, August 22 2017 5:27 PM EDT2017-08-22 21:27:16 GMT
    Tuesday, August 22 2017 5:27 PM EDT2017-08-22 21:27:16 GMT
    It's a small and quiet blue house - but it's caused quite the uproar.More
    It's a small and quiet blue house - but it's caused quite the uproar.More
  • Mower Fire Spreads to Garage in Mardela Springs

    Mower Fire Spreads to Garage in Mardela Springs

    Wednesday, August 23 2017 8:21 AM EDT2017-08-23 12:21:53 GMT
    Wednesday, August 23 2017 8:21 AM EDT2017-08-23 12:21:53 GMT
    A lawn mower caught fire Tuesday afternoon in Mardela Springs and spread to the garage. (Photo: MD State Fire Marshal)A lawn mower caught fire Tuesday afternoon in Mardela Springs and spread to the garage. (Photo: MD State Fire Marshal)
    MARDELA SPRINGS, Md. - The Maryland State Fire Marshal's Office is investigating a mower fire which extended to a garage Tuesday afternoon in Mardela Springs, Md.Fire officials said Wednesday morning, the fire happened at 8013 Hurleys Neck Road arouMore
    MARDELA SPRINGS, Md. - The Maryland State Fire Marshal's Office is investigating a mower fire which extended to a garage Tuesday afternoon in Mardela Springs, Md.Fire officials said Wednesday morning, the fire happened at 8013 Hurleys Neck Road arouMore
  • Most Popular VideosMost Popular VideosMore>>

  • Neighbors React to Easton Recovery Home

    Neighbors React to Easton Recovery Home

    The Humble House has some neighbors like Michael Engels more than just worried.

    "The last thing I want to do is to find out there's a halfway house within walking distance from where my children will be playing and living," Engels said.

    Upset with what's just down the street, Engels says he's considering moving.

    More

    The Humble House has some neighbors like Michael Engels more than just worried.

    "The last thing I want to do is to find out there's a halfway house within walking distance from where my children will be playing and living," Engels said.

    Upset with what's just down the street, Engels says he's considering moving.

    More
  • Scheduled Jet to Land at Salisbury Airport Tuesday, Part 3

    Scheduled Jet to Land at Salisbury Airport Tuesday, Part 3

    It took more than two decades to get to the Salisbury Wicomico Airport to where it is. WBOC's Chris Weimer spoke with former airport manager Bob Bryant about the history of the airport's expansion.

    More

    It took more than two decades to get to the Salisbury Wicomico Airport to where it is. WBOC's Chris Weimer spoke with former airport manager Bob Bryant about the history of the airport's expansion.

    More
  • Crisfield High School, Headstart Construction Nearing Completion

    Crisfield High School, Headstart Construction Nearing Completion

    Construction and renovations to Crisfield High School are wrapping up as the start of the school year draws near.

    The school has partnered with Headstart, a program that teaches children social and academic skills. The partnership allowed for grant funding, roughly $4 million is being pumped into the project.

    More

    Construction and renovations to Crisfield High School are wrapping up as the start of the school year draws near.

    The school has partnered with Headstart, a program that teaches children social and academic skills. The partnership allowed for grant funding, roughly $4 million is being pumped into the project.

    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