SB 243 — AN ACT TO AMEND TITLE 29, TITLE 30, AND TITLE 31 OF THE DELAWARE CODE RELATING TO THE BABY BOND ACCOUNT FUND.

4 sponsors · 1 co-sponsors · 57 not signed on

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Frequently asked questions

What does SB 243 do?

This Act establishes the Baby Bond Account Fund (“Fund”) to deposit $2,000 in an account for an individual born on or after January 1, 2022, into a household with an annual household income that does not exceed 200% of the federal poverty level. The Plans Management Board, established under § 2722 of Title 29, is to then invest and otherwise administer the money in the individual accounts in the Fund. Once the individual turns 18 years old, the individual may request a distribution from the individual’s account for certain qualified expenses. The money in the individual’s account is excluded from the individual’s federal adjusted gross income for purposes of state taxation. This Act also makes technical corrections to conform existing law to the standards of the Delaware Legislative Drafting Manual.

Who sponsors SB 243?

SB 243 is sponsored by Kyle Evans Gay, Darius J. Brown (Democratic), Stephanie T. Bolden, Kendra Johnson (Democratic), and Sherry Dorsey Walker.

What is the current status of SB 243?

This bill died with 151st General Assembly (2021-2022). It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

Where can I track SB 243?

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