HB 2150: One Step Forward, Two Steps Back


This Reports and Briefing Papers analyzes House Bill 2150, a corporate tax bill sponsored by State Rep. Dave Reed. New tax cuts, when fully phased in, will cost $971 million annually.The legislation‰’s supporters describe it as a revenue-neutral tax reform that cuts corporate taxes and closes the Delaware loophole to pay for it. In reality, it will cost the state hundreds of millions of dollars annually within a few years.