Issue 5.13
March 29, 2019
Message from the President
Businesses across the state have stepped up their hiring of veterans and the results are positive and dramatic. Here is a recent commentary from the State Department of Labor that sheds light on the current employment status of veterans across the state.  Click here for the PDF .

Legislative Priority
This week in Dover saw action in the Senate on a number of bills related to business. First, SS2 for SB50 directs money from the bond bill to be issued to DelTech, along with bonding authority, to help address the college’s deferred maintenance issues reported on before. The bill’s main difference from the original SB50 is the removal of the statewide property tax provision as a revenue source.

Creating Manufacturing Awareness
The Delaware Manufacturing Association (DMA), an affiliate of the Delaware State Chamber of Commerce, announced a five-year commitment to partner with Junior Achievement of Delaware. The DMA will join other Delaware organizations in Junior Achievement’s BizTown campus, an interactive program for grades 4-6 that combines in-class learning with a day-long visit to a simulated town.

New Rules for Meals and Entertainment
For many years, business meals and entertainment were 50% tax deductible as long as business was conducted. Furthermore, meals provided to employees in the office were 100% deductible.

New Qualified Business Income Tax Deduction
The Qualified Business Income (QBI) deduction is a new 20 percent deduction available under the Tax Cuts and Jobs Act beginning in tax year 2018. The QBI deduction is available to owners of pass-through entities, such as S corporations, partnerships, sole proprietorships, and many LLCs.

Bayhealth to Launch Residency Programs in 2021
Bayhealth is pleased to announce that it has begun the process to launch residency teaching programs for doctors who have recently graduated from medical school – called Graduate Medical Education (GME). The announcement is an exciting one for the community and health system...

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