Delaware Public Media

Corporate income tax

Delaware has about $100 million more than it thought it would last December. That’s a far cry from where the state was a year ago.


Delaware Public Media

Delmarva Power said it’s dropping its rate hike request by $26 million because of federal corporate tax breaks.


Delaware Public Media

The Delaware Public Service Commission could approve utility rate reductions for ratepayers later this month.

Delaware Public Media

Congress passed tax legislation Tuesday reducing individual and corporate tax rates. It had no Democratic support in either chamber, including from Delaware’s Congressional delegation.


Delaware Public Media

Congress is expected to start working on tax reform legislation after Labor Day.

But with the president fighting with members of his own party, one Delaware senator doubts Republicans can pass it this year.


Legislative Update - Jan. 28, 2016

Jan 28, 2016


Senate lawmakers Wednesday passed the latest proposal to raise Delaware’s minimum wage to $10.25 an hour by the year 2020 – just under three years after a bill doing the same was signed into law.

Senate passes corporate income tax cut

Jan 21, 2016
Delaware Public Media

State lawmakers passed their first major piece of legislation this year, lowering corporate income taxes in an attempt to cling to big businesses that may flee Delaware.

Legislative Update - Jan. 15, 2016

Jan 15, 2016

 

 

The House smacked down an attempt to suspend rules and override Gov. Jack Markell’s veto of a student testing opt-out bill Thursday afternoon.

 

This most likely signals the end to a battle that’s raged between Markell and members of his own party for the past ten months, with the Smarter Balanced Assessment being the underlying reason.

House approves corporate income tax bill

Jan 14, 2016
Delaware Public Media

Gov. Jack Markell’s (D) proposal to shift the state’s corporate income tax structure is sailing through the General Assembly, with the House signing off on the bill Thursday night.

The overwhelming 36 to 2 vote came after a stand by a vocal minority, calling it “corporate extortion” since the bill costs nearly $50 million over the next three years.

Legislative Update - Jan. 14, 2016

Jan 13, 2016

 


It only took a day after the first gavel drop of 2016 for the General Assembly to contemplate serious corporate income tax reform with a House committee approving such a bill by a wide margin.

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