CHAPTER 116

AN ACT TO AMEND § 503 (c), TITLE 8, DELAWARE CODE, RELATING TO CORPORATION FRANCHISE TAX BY RAISING THE MAXIMUM ANNUAL TAX FROM $50,000 TO $100,000.

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

Section 1. § 503 (c), Title 8, Delaware Code, is amended by striking out the figures "150,000" and substituting in lieu thereof the figures "$100,000".

Section 2. The provisions of this Act shall not affect the franchise taxes for any year prior to January 1, 1961.

Approved June 23, 1961.