Delaware Reports & Information

NEWS & MEDIA

The Latest News from CTJ's Tax Justice Blog

• State Governments Rush to Squander Improved Revenue Outlook - 05/2011
• State Transparency Report Card and Other Resources Released - 12/2010
• New 50 State ITEP Report Released: State Tax Policies CAN Help Reduce Poverty - 09/2010



ITEP in the News

• Sussex Countian: Hundreds rally in Georgetown for immigration reform - 05/2013
• Philadelphia Inquirer: Pa.'s tax dodgers don't deserve a break - 05/2012
• Roth & Company: How progressive can state taxes be? - 11/2009



ITEP Numbers and Reports

• Who Pays? (Fourth Edition) - 01/2013






RESOURCES




State Tax & Revenue Information

• Delaware Department of Finance - 2008 Fiscal Notebook
• Delaware Department of Finance - General Fund Revenue Portfolio
• Delaware Economic and Financial Advisory Council (DEFAC) - Revenue Forecast
• Delaware Office of Management & Budget - Budget Development, Planning, & Administration
• Delaware General Assembly - Office of the Controller General



Tax Expenditure Reports

• State of Delaware Tax Preference Report



State Statutes & Legislation

• Delaware General Assembly - Bill Tracking
• Delaware Constitution of 1897, Delaware Code, & the Laws of Delaware



State Tax Forms

• Delaware Tax Forms - Individual Taxpayers
• Delaware Tax Forms - Business Taxpayers





ORGANIZATIONS



• University of Delaware - Center for Community Research & Service
• University of Delaware - Institute for Public Administration

Delaware
By the Numbers

Below is a snapshot of key features of Delaware tax system. (Scroll Down) State & Local Revenue (FY10) General Revenue, Own-Source (GROS): $6.4 billion General Revenue as a Share of Income: 15.1% Tax Revenue: $5.0 billion Tax Revenue as Share of income: 11.9% Personal Income Tax (Share of Tax Revenue): 22.0% (27 out of 51) Corporate Income Tax (Share of Tax Revenue): 6.5 % ( 4 out of 51) Sales & Excise Tax (Share of Tax Revenue): 27.0 % ( 40 out of 51) Property Tax (Share of Tax Revenue): 37.0 % ( 18 out of 51) Other Taxes (Share of Tax Revenue): 7.0 % (16 out of 51) Personal Income Tax Features (2012) Range of Tax Rates: 0% - 6.95% Standard Deduction: $3,250 ($6,500 for Married Couples) Personal Exemption: Per Filer Credit=$110 Dependent Exemption: Per Dependent Credit=$110 Earned Income Tax Credit (EITC): 20% Refundable Personal exemption is available as a credit Top rate is 6.95% in 2011 and 6.75% 2012 through 2014 Corporate Income Tax Features (2012) Range of Tax Rates: 8.70% Income Level at Which Top Rate Applies: All Combined Reporting: No Apportionment Factor (Payroll): 33% Apportionment Factor (Property): 33% Apportionment Factor (Sales): 33% Sales Tax Features (2012) State Sales Tax Rate: N/A Average Local Sales Tax Rate: N/A Average Combined State & Local Sales Tax Rate: N/A State Sales Tax Treatment of Groceries: N/A Local Sales Tax Treatment of Groceries: N/A Number of Services Taxed: 143 out of 168 surveyed Streamlined Sales Tax Membership: No Levies Gross Receipts Tax in lieu of sales tax (rate varies between business activities) Property Tax Features (2012) No property tax relief mechanism available for non-elderly homeowners or renters. Infrequent assessments. Property underassessed and non-uniformly assessed Other Tax & Revenue Features (2012) Gasoline Tax Rate (per gallon): $0.23 Diesel Tax Rate (per gallon): $0.22 Cigarette Tax Rate (per pack): $1.60 Estate or Inheritance Tax: Yes, but eliminated on July 1, 2013 Net Lottery Sales Per Capita: $157 Tax Policy Oversight Tax Expenditure Report: Yes Tax Incidence Analysis Capability: Personal income tax only Last Updated October 4, 2012 Sources & Glossary