CHAPTER 294

RELATING TO PAYMENT OF INCOME TAX REFUNDS

AN ACT TO AMEND TITLE 30, DELAWARE CODE, RELATING TO THE INCOME TAX AND THE PAYMENT OF INTEREST ON REFUNDS.

Be it enacted by the General Assembly of the State of Delaware:

Section 1. Section 1183 (b), Title 30, Delaware Code, is hereby repealed and a new subsection (b) is enacted herein to read as follows:

(b) 90 days after the time the payment was made, if the tax was paid in full, to the date of refund, interest shall be allowed the taxable at the rate of 1/3% per month or fraction of a month.

Section 2. Section 1183 (c), Title 30, Delaware Code, is hereby repealed and a new subsection (c) is enacted herein to read as follows:

(c) If the tax was paid in installments interest shall be allowed at the rate of 1/3% per month or fraction of a month beginning 90 days from the date of the most recent payments to the extent of the overpayment.

Approved December 20, 1957.