DOVER, Del. (AP) - Delaware House Democrats have approved a package of tax increases that Democratic Gov. Jack Markell is relying on to help pay for his proposed spending plan for next fiscal year.
The legislation approved Thursday on a straight party line vote increases the annual tax on limited liability companies and business partnerships from $250 to $300. It also increases the minimum annual corporation franchise tax by $100.
No Republicans voted for the bill, which received one more vote than the required three-fifths majority. Republicans unsuccessfully pushed for a two-thirds vote requirement, which the bill would have failed to meet.
Administration officials say the tax increases should generate an additional $51 million annually.
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