CHAPTER 292

FORMERLY HOUSE BILL NO. 508

AS AMENDED BY

HOUSE AMENDMENT NO. 1

AN ACT TO AMEND CHAPTER 13, TITLE 30, DELAWARE CODE RELATING TO INHERITANCE TAXES.

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

Section 1. Section 1322, Chapter 13, Title 30, Delaware Code, is amended by striking the words, "Class B" and the balance of the section following those words and substituting in lieu thereof the following:

Class B. Where the property or any interest or estate therein passes to or for the use of a parent, grandparent, child by birth, wife or widow of a son or the husband or widower of a daughter, a child by legal adoption, or the lineal descendant of the decedent, the tax on such property, interest or estate shall be at the following rates:

On that part of its value exceeding $3,000 and not exceeding $25,000, one per cent.

On that part of its value exceeding $25,000 and not exceeding $50,000, two percent.

On that part of its value exceeding $50,000 and not exceeding $75,000 three percent.

On that part of its value exceeding $75,000 and not exceeding $100,000, four percent.

On that part of its value exceeding $100,000 and not exceeding $200,000, five percent.

On that part of its value exceeding $200,000, six percent.

Class C. Where the property or any interest or estate therein passes to or for the use of (1) a brother, or sister, either of the whole or half blood of the decedent, or a lineal descendant of any

such brother or sister of the whole or half blood of the decedent (2) a brother or sister of decedent’s parent or the child or children of any brother or sister of the decedent’s parent, the tax shall be at the following rates:

On that part of its value exceeding $1,000 and not exceeding $25,000, five percent.

On that part of its value exceeding $25,000 and not exceeding $50,000, six percent.

On that part of its value exceeding $50,000 and not exceeding $100,000, seven percent.

On that part of its value exceeding $100,000 and not exceeding $150,000, eight percent.

On that part of its value exceeding $150,000 and not exceeding $200,000, nine percent.

On that part of its value exceeding $200,000, ten percent.

Class D. In case of property or any interest or estate therein passing to or for the use of any person, not described in Class A, Class B or Class C of this section, the tax shall be at the following rates:

On that part of its value not exceeding $25,000, ten percent.

On that part of its value exceeding $25,000 but not exceeding $50,000, twelve percent.

On that part of its value exceeding $50,000, but not exceeding $100,000, fourteen percent.

On that part of its value exceeding $100,000, sixteen percent.

Section 2. Section 1321, Chapter 13, Title 30 is amended by adding a new sentence to read as follows:

"The rates imposed by Section 1322 of this Title shall be the rates prescribed and in effect as of the date of decedent's death."

Approved July 30, 1971.