The Delaware Senate has passed House Bill 255, legislation designed to maintain state revenue by separating parts of Delaware’s tax code from recent federal tax changes.
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The Delaware House of Representatives passed a bill Thursday aimed at shielding the state from a projected $400 million budget shortfall tied to recent changes in federal tax law.
A new bill introduced in the Delaware House of Representatives could alter how businesses and individuals deduct expenses on their state tax returns by breaking with recent federal tax changes.
House Bill 255 would “decouple” Delaware’s tax code from specific provisions of the federal code to avoid automatically adopting retroactive corporate tax breaks passed under the One Big Beautiful Bill Act.