CHAPTER 551

FORMERLY HOUSE BILL NO. 638

AS AMENDED BY HOUSE AMENDMENTS No.

1, 2, AND 4

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

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

Section 1. Paragraph (2) of Section 1106 (b), Title 30, Delaware Code, relating to subtractions from Federal Adjusted Gross Income is amended by striking said section and inserting in lieu thereof the following:

"(2) The amount of $2,000 by any person who is totally and permanently disabled or by a person who is over 60 years of age, and (i) whose earned income in the taxable year is less than $2,500, and (ii) whose adjusted gross income (without reduction by this exclusion) does not exceed $10,000.

For purposes of this paragraph, in the case of a husband and wife filing a joint return, the amount of the exclusion shall be $4,000 if (i) both are either over 60 years of age or totally and permanently disabled or one is over 60 years of age and the other totally and permanently disabled, and (ii) whose total earned income in the taxable year is less than $5,000 and whose adjusted gross income does not exceed $20,000."

Section 2. Effective date. This amendment shall be effective with respect to all taxable years ending on or after December 31, 1972.

Approved July 20, 1972.