Del. Governor Gets Tax Increases Approved - 47 ABC - Delmarva's Choice

Del. Governor Gets Tax Increases Approved

Posted: Updated:

DOVER, Del. (AP) - A package of tax increases that Gov. Jack Markell is relying on to help pay for his proposed spending plan for next fiscal year is on the way to his desk for his signature.

The Democrat-controlled state Senate approved the tax increases Thursday on a straight party line vote, with no Republicans voting in favor.

The legislation cleared the House on a similar straight party line vote last week.

The bill 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.

Administration officials say the tax increases should generate an additional $51 million next year, with out-of-state entities paying more than 95 percent of that amount.

 

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

 

  • ContestsMore>>

  • Teacher Who Makes A Difference

    Teacher Who Makes A Difference

    The WMDT 47 Teachers Who Make a Difference Contest is Sponsored by Accurate Optical: "Encouraging children of all ages to come in for an annual eye exam to help them see better in school." Each month weMore >>
    The 47 ABC "Teachers Who Make a Difference" Sponsored by Accurate Optical Encouraging children of all ages to come in for an annual eye exam to help them see better in school.More >>
  • Free Tuition Contest

    Free Tuition Contest

  • Local NewsDelmarva HeadlinesMore>>

  • Officials Urging Holiday Blood Donations

    Officials Urging Holiday Blood Donations

    Monday, September 1 2014 8:26 AM EDT2014-09-01 12:26:54 GMT
    DOVER, Del. (AP) - Delawareans are enjoying the Labor Day holiday, but the Blood Bank of Delmarva says the need for blood never takes a day off. Blood Bank officials are urging area residents to considerMore >>
    DOVER, Del. (AP) - Delawareans are enjoying the Labor Day holiday, but the Blood Bank of Delmarva says the need for blood never takes a day off. Blood Bank officials are urging area residents to considerMore >>
  • Five Injured Following Ocean Pines Boat Fire

    Five Injured Following Ocean Pines Boat Fire

    Sunday, August 31 2014 10:49 PM EDT2014-09-01 02:49:55 GMT
    OCEAN PINES, Md. - Maryland Natural Resources spokesperson says five people have been hospitalized after a 24-foot boat caught ablaze in Ocean Pines.More >>
    OCEAN PINES, Md. - Maryland Natural Resources spokesperson says five people have been hospitalized after a 24-foot boat caught ablaze in Ocean Pines.More >>
  • Labor Day Tips For Drivers

    Labor Day Tips For Drivers

    Sunday, August 31 2014 6:56 PM EDT2014-08-31 22:56:56 GMT
    Delmarva - If you plan to head out on the roads this Labor Day Weekend, here are some tips to keep in mind.  Keep a light foot on that gas pedal.  Law enforcement is out there in force, looking for speedersMore >>
    Delmarva - If you plan to head out on the roads this Labor Day Weekend, here are some tips to keep in mind.More >>
Powered by WorldNow
Powered by WorldNow All content © Copyright 2000 - 2014 WorldNow and WMDT. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.