Delaware Governor Proposes Making 2009 Tax Increases Permanent

In hopes of avoiding a projected $ 266 million revenue shortfall for fiscal 2015, Delaware Gov. Jack Markell (D) wants to prevent scheduled sunsets for tax increases from taking effect.
 
Markell approved temporary increases to the state's personal income tax, gross receipts tax, and corporate franchise tax in 2009, along with a temporary reinstatement of the estate tax -- all designed to help close the state's budget shortfall.
 
The changes are scheduled to start expiring in July. But in his fiscal 2014 budget proposal, outlined January 24, Markell is recommending that none of those temporary increases be allowed to revert to their earlier rates.

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