CHAPTER 171

AN ACT TO AMEND SECTION 1183, SUBCHAPTER VI, CHAPTER 11, TITLE 30, DELAWARE CODE, TO INCREASE RATE OF INTEREST ON INCOME TAX REFUNDS.

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

Section 1. Subparagraphs (b) and (c) of Section 1183, Subchapter VI, Chapter 11, Title 30, Delaware Code, are hereby amended by striking and deleting the phrase "1/3% per month" wherever it appears therein, and inserting in lieu thereof the phrase "1/2 of 1% per month".

Section 2. The provisions of this Act shall become effective and apply only to payments of refunds on income taxes paid subsequent to December 31, 1968 on tax returns for the year 1969 and thereafter.

Approved June 19, 1969.