HOUSE BILL NO. 438
AN ACT TO AMEND CHAPTER 3, TITLE 30, DELAWARE CODE, RELATING TO DEPARTMENT OF FINANCE.
Be it enacted by the General Assembly of the State of Delaware:
Section 1. Amend Subchapter IV of Chapter 3, Title 30, Delaware Code, by adding thereto two new sections to be designated as §351 and §352 to read as follows :
§351. Preservation of returns and destruction of records
All tax returns or reports received by the Division of Revenue, shall be preserved for not less than six years, after which time the Secretary of Finance may establish guidelines and standards for retention and, upon the recommendation of the Director of Revenue, may authorize and direct their disposal or destruction.
§352. Accounts receivable
In the case of any account receivable arising from the assessment of any tax which is outstanding on the records of the Division of Revenue for more than six years, the Secretary of Finance may authorize the Director of Revenue to write off and remove any such account from the current active accounts of the Division if it is determined that the account is uncollectible, or that the potential recovery or administrative costs of collection would not warrant further collection efforts.
Approved July 6, 1973.