CHAPTER 6 - INCOME TAX
AN ACT TO AMEND CHAPTER 6 OF THE REVISED CODE OF THE STATE OF DELAWARE, 1935, IN RELATION TO STATE REVENUE.
Be it enacted by the Senate and House of Representatives of the State of Delaware in General Assembly met:
Section 1. That Section 122, of Chapter 6 of the Revised Code of the State of Delaware, being Code Section 156 of said Code, as amended, be and the same is hereby amended by striking out the word "dividends" in the seventh line of paragraph (e) of said Section 122, and by striking out the sign and numerals "$100.00" in the tenth line of paragraph (e) of said Section 122, and substituting in lieu of the sign and numerals "$100.00" the following sign and numerals:
Section 2. That Section 122, of said Chapter 6 of the Revised Code of the State of Delaware, being Code Section 156 of said Code, as amended, be and the same is hereby amended by adding at the end of paragraph (e) of said Section 122 the following:
All corporations making payments to a Delaware taxable of dividends amounting to $100.00 or more in any taxable year shall render a true and accurate return to the Tax Department, under such regulations and in such form and manner and to such extent as may be prescribed by the Tax Department, setting forth the amount of any and all such payments made and the names and addresses of the recipients of such payments.
Section 3. That all acts or parts of acts inconsistent with this act are hereby repealed only to the extent of such inconsistency.
Approved February 20, 1941.