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flag Delaware enacts law blocking federal tax refunds to save $400M, effective immediately until 2031.

flag Delaware has passed and signed into law House Bill 255, severing ties with two federal corporate tax provisions to protect an estimated $400 million in state revenue over three years. flag The law blocks retroactive tax refunds for businesses, spreads future tax benefits over multiple years, and allows immediate deductions for asset purchases. flag It takes effect immediately and will remain in place until 2031 unless changed by the legislature. flag While critics warn it may harm business confidence, state officials say it preserves fiscal stability and Delaware’s appeal to corporations without significantly impacting residents or small businesses.

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