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DelawareHB 7153rd General Assembly (2024–2026)House

AN ACT TO AMEND TITLE 18 OF THE DELAWARE CODE RELATING TO TAXES.

Sponsored By: William Bush (Democratic)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Certain insurance businesses keep separate tax schedules

Delaware removes captive insurance companies and surplus lines brokers from the general insurance premium tax payment schedule. They keep their existing payment deadlines and tax amounts under sections 6914 and 1917, respectively. Taxes under sections 702, 703, 704, and 707 remain on the general schedule. Payments are 50% of the current year's estimated tax on April 15, then 20% each on June 15 and September 15. Another 10% is due December 15, with the remaining balance due March 1 of the following year.

Sponsors & Cosponsors

Sponsor

  • William Bush

    Democratic • House

Cosponsors

  • Spiros Mantzavinos

    Democratic • Senate

  • Nicole Poore

    Democratic • Senate

  • John "Jack" Walsh

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 55 • No: 0

Senate vote • 3/27/2025

Passed (SM required)

Yes: 19 • No: 0

House vote • 1/28/2025

Passed (SM required)

Yes: 36 • No: 0

Actions Timeline

  1. Signed by Governor

    4/14/2025Governor

  2. Passed By Senate. Votes: 19 YES 2 ABSENT

    3/27/2025Senate

  3. Reported Out of Committee (Banking, Business, Insurance & Technology) in Senate with 5 On Its Merits

    3/19/2025Senate

  4. Assigned to Banking, Business, Insurance & Technology Committee in Senate

    1/28/2025Senate

  5. Passed By House. Votes: 36 YES 5 ABSENT

    1/28/2025House

  6. Reported Out of Committee (Economic Development/Banking/Insurance & Commerce) in House with 11 On Its Merits

    1/22/2025House

  7. Introduced and Assigned to Economic Development/Banking/Insurance & Commerce Committee in House

    1/16/2025House

Bill Text

  • Current

    1/16/2025

    HTML

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