CHAPTER 109

VALUATION AND ASSESSMENT OF PROPERTY TAX UPON PERSONAL PROPERTY

AN ACT RELATIVE TO THE VALUATION, LEVY, ASSESSMENT AND COLLECTION OF TAX UPON PERSONAL PROPERTY.

Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:

Section 1. No tax shall be levied, assessed or collected by the State or any political subdivision thereof upon personal property whether tangible or intangible and any existing law or laws inconsistent herewith are hereby repealed, provided, however, that nothing herein contained shall be interpreted as having any effect upon any estate, inheritance, income or other excise tax law of this State.

Approved April 14, 1939.