April 8, 2019

State Chamber Update

With tax season upon us, I thought I’d check in with the Tax Foundation to see where Delaware stands in relation to other states. We rank 12th among the fifty states for State and Local Individual Income Tax Collections per Capita ($1,267). The Top Corporate Income Tax Rate is 8.7%, which yields us a State Business Tax Climate Index Rating of 15. Our State Gasoline Tax is 23.00 cents per gallon, ranking us 36th in the nation. The State Cigarette Tax Rate (dollars per pack) is $2.10.

We have no State Sales Tax, and it is important to remember that the State funds many activities that county and municipal governments in other states frequently deliver. All of this and more can be found at www.taxfoundation.org/state/delaware. 

News You Can Use

We start the week with Factory Orders data from February. On Tuesday, the NFIB small business index for the month of March will be released, as well as March Consumer Price Index numbers. We will end the week on Friday with March's Import Price Index data. 

Michael J. Quaranta

President

Delaware State Chamber of Commerce

The Willis Group is a contract lobbying firm that provides services to various companies and trade associations, including government relations, advocacy, direct contact with elected officials and agency officers, strategic planning, coalition building, and targeted marketing.

They are sponsoring our Meet the Legislators event next week in Dover.