CHAPTER 307

AN ACT TO AMEND CHAPTER 11, TITLE 30, DELAWARE CODE, RELATING TO STATE INCOME TAX DEDUCTIONS.

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

Section 1. § 1118, Chapter 11, Title 30, Delaware Code, is amended by striking sub-paragraph (3) and inserting in lieu thereof a new sub-paragraph (3) to read as follows :

(3) Taxes imposed upon and accrued or paid by the taxable, including Delaware liquor and gasoline taxes, within the income year, except Delaware income tax, taxes assessed for local benefits of a kind tending to increase the value of the property assessed, Federal income taxes in excess of $300, and Federal gift taxes.

Section 2. The provisions of this act shall become effective immediately upon approval by the Governor.

Approved February 25, 1966.