AN ACT TO AMEND TITLE 30 OF THE DELAWARE CODE RELATING TO PERSONAL INCOME TAX MODIFICATIONS SUBTRACTED FROM FEDERAL ADJUSTED GROSS INCOME.

This bill increases Delaware's personal income tax exclusion for pension income from $12,500 to $25,000 annually. It directly affects Delaware residents who receive pension income, allowing them to exclude more of that income when calculating their state taxable income. The key provision doubles the amount of pension earnings that are exempt from state taxation. This change reduces the state tax burden for qualifying pensioners without altering other tax rates or brackets.