AN ACT TO AMEND TITLE 9, DELAWARE CODE, CHAPTER 81 RELATING TO LIMITATIONS UPON TAXING POWER IN THE STATE OF DELAWARE BY PROVIDING THAT ANY COUNTY, MUNICIPALITY OR ANY OTHER POLITICAL SUBDIVISION OF THIS STATE, MAY EXEMPT FROM TAXATION ANY STRUCTURE USED BY THE PUBLIC FOR THE PARKING OF AUTOMOBILES OFF THE STREETS UNDER CERTAIN CONDITIONS.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. Title 9, Delaware Code, Chapter 81, is hereby amended by adding a new section to be designated as Section 8109 and to read as follows:
§ 8109. Off-street parking facilities; exemptions
Any county, municipality or other political subdivision of this State, by resolution or ordinance duly passed and approved, may exempt from taxation and assessment for public purposes for a period up to ten (10) years, any structure above or under the ground which may hereafter be constructed and located within the county, municipality, or other political subdivisions of this State and used by the public for the parking of automobiles off the street or highway; provided further, that the exemption shall be limited to that portion of the structure exclusively used for or devoted to the parking of automobiles and vehicles of that nature.
Approved July 23, 1970.